Wednesday, October 25, 2017 10:15 PM ET
Facebook (FB) sees Significant Insider Sales Extending the Trend of Last Quarter
There was substantial level of selling of Facebook shares today, as revealed in filings with the SEC. Two insiders — Colin Stretch, Officer, and Christopher K Cox, Officer — sold 16,750 shares in the company having a market value of approximately $2,932,525. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 812,055 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 828,805 shares and have averaged 118,401 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Facebook is higher than the 11-company peer group average. Social Media & Networking peer group saw 34 buy/sell trades during this period for an average of 3.1 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 0 shares purchased and 3,148,255 shares sold with company insiders selling 92,596 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
Today’s Insider Activity
* Colin Stretch, Officer, sold 750 shares
* Christopher K Cox, Officer, sold 16,000 shares
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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