Tuesday, October 31, 2017 10:15 PM ET
Significant Insider Selling Continues at Northrop Grumman (NOC)
One insider — Sid Ashworth, Officer — today, sold 6,311 shares of Northrop Grumman having a market value of approximately $1,880,678, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 9,659 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 15,970 shares and have averaged 5,323 shares per transaction over this time period.
The number of insider buy/sell trades at Northrop Grumman is greater than that of the 43 peer company average over the last 90-day period. The Aerospace & Defense peer group saw 27 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Northrop Grumman insiders is lower than its peers. Within the peer group there were 38,567 shares purchased and 154,195 shares sold with company insiders disposing of 4,283 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 used in creating and writing this story.
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