Insider Selling at Corium International (CORI) Continues with Significant Sale

Friday, November 03, 2017 10:15 PM ET

Insider Selling at Corium International (CORI) Continues with Significant Sale

An insider — Broadfin Healthcare Master Fund Ltd, 10% Owner — sold 150,000 shares of Corium International having a market value of approximately $1,657,500 today, as indicated 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 248,515 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 398,515 shares and have averaged 132,838 shares per transaction over this time period.

Insider buy/sell trading at Corium International is greater than the 115 peer company average over the last 90-day period. The Pharmaceuticals peer group saw 89 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Corium International insiders was also higher. Within the peer group there were 973,399 shares purchased and 1,886,806 shares sold with company insiders disposing of 10,263 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data used to evaluate and write this story.

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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