Teladoc (TDOC) Insider Makes Significant Share Sale

Wednesday, October 18, 2017 10:15 PM ET

Teladoc (TDOC) Insider Makes Significant Share Sale

There was a significant insider sale of Teladoc shares today, as revealed in a filing with the SEC as — Mark Hirschhorn, Officer — disposed of 35,000 shares in the company having a market value of approximately $1,149,550 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 35,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 70,000 shares and have averaged 35,000 shares per transaction over this time period.

Insider buy/sell trading at Teladoc is greater than the 2 peer company average over the last 90-day period. The Telemedicine Services peer group saw 2 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Teladoc insiders was also higher. Within the peer group there were 0 shares purchased and 35,000 shares sold with company insiders disposing of 17,500 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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