Monday, October 30, 2017 10:15 PM ET
Significant Insider Selling Reported in Shares of PulteGroup (PHM)
A significant insider sale of the shares of PulteGroup was indicated in a form 4 document filed with the SEC today, showing — James R Ellinghausen, Officer — disposed of 136,912 shares in the company having a market value of approximately $4,066,915. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at PulteGroup is near the 15 member peer company average. The Homebuilding peer group saw 8 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares per buy/sell trade transacted by PulteGroup insiders is higher. Within the peer group there were 0 shares purchased and 150,645 shares sold with company insiders selling 18,831 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to create and write this story.
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