Friday, November 03, 2017 10:15 PM ET
Insider at Avery Dennison (AVY) Makes Significant Sale of Stock
There was a significant sale of shares of Avery Dennison by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Dean A Scarborough, Director and Officer — sold 14,280 shares in the company having a market value of approximately $1,533,738. 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 46,518 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 60,798 shares and have averaged 20,266 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Avery Dennison is higher than the 15-company peer group average. Non-Paper Containers & Packaging peer group saw 15 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Avery Dennison insiders was also higher. Within the peer group there were 0 shares purchased and 161,408 shares sold with company insiders disposing of 10,761 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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