Thursday, November 02, 2017 10:15 PM ET
Insider Selling at Worthington Industries (WOR) is Significant
A SEC filing today indicated a significant insider sale of Worthington Industries shares as — Peter Karmanos, Director — disposed of 45,376 shares in the company having a market value of approximately $2,076,860. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at Worthington Industries is greater than that of the 13 peer company average over the last 90-day period. The Iron, Steel Mills & Foundries peer group saw 6 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares traded per transaction by Worthington Industries insiders is lower than its peers. Within the peer group there were 0 shares purchased and 635,178 shares sold with company insiders selling 105,863 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
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