Wednesday, November 01, 2017 10:15 PM ET
Significant Insider Selling in Shares of Twitter (TWTR) Continues
There was a notable insider sale of Twitter shares today, as indicated in a filing with the SEC as — Evan Clark Williams, Director — disposed of 2,000,300 shares in the company having a market value of approximately $42,120,936 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 1,886,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,886,500 shares and have averaged 971,625 shares per transaction over this time period.
The level of buy/sell trading at Twitter is is above the 11 peer company average over the last 90-day period. The Social Media & Networking peer group saw 35 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 0 shares purchased and 3,168,204 shares sold with company insiders having sold 90,520 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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