Significant Insider Selling Continues at USG (USG)

Thursday, November 02, 2017 10:15 PM ET

Significant Insider Selling Continues at USG (USG)

There was a substantial sale of shares of USG by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Brian J Cook, Officer — sold 30,000 shares in the company having a market value of approximately $1,037,271. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 5,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 35,000 shares and have averaged 17,500 shares per transaction over this time period.

Insider buy/sell trading at USG is above the 23 peer company average over the last 90-day period. However, the number of shares per average transaction for USG insider buy-sell trading is very close to the average of the Construction Materials peer group of companies. This peer group saw 439,874 shares purchased and 100,585 shares sold resulting in an average of 18,015 shares traded and netting out with company insiders purchasing 14,752 shares on average.

The data sourced in composing 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.

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.

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