Monday, October 30, 2017 10:15 PM ET
Avery Dennison (AVY) Insider Makes Significant Share Sale
One insider — Dean A Scarborough, Director and Officer — today, disposed of 20,000 shares of Avery Dennison having a market value of approximately $2,100,000, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 10,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 30,000 shares and have averaged 15,000 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Avery Dennison is higher than the 16-company peer group average. Non-Paper Containers & Packaging peer group saw 16 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Avery Dennison insiders was also higher. Within the peer group there were 0 shares purchased and 171,756 shares sold with company insiders disposing of 10,735 shares on average.
The data obtained in evaluating and writing in this story eliminates 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.
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