Monday, October 30, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of 3M (MMM) Extending the Trend of Last Quarter
SEC filings today reported significant insider sales of 3M shares as two insiders — Inge G Thulin, Director and Officer, and Frank R Little Jr, Officer — sold 8,323 shares in the company having a market value of approximately $1,942,434. There have been 2 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 7,684 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 16,007 shares and have averaged 4,002 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at 3M is higher than its 23-company peer group average. The Industrial Conglomerates peer group saw 22 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by 3M insiders is lower than its peers. Within the peer group there were 1,882,936 shares purchased and 56,891 shares sold with company insiders purchasing 140,465 shares on average over this time period.
Significant insider buying and selling activity 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 data sourced in composing and writing this story.
Today’s Insider Activity
* Inge G Thulin, Director and Officer, sold 6,823 shares
* Frank R Little Jr, Officer, sold 1,500 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.
For more information, contact UpTick at email@example.com. Copyright 2017 UpTick Data Technologies. All rights reserved.