Friday, November 03, 2017 10:15 PM ET
Insider Selling in 3M (MMM) Shares Continues
A notable insider sale of the shares of 3M was indicated in a form 4 document filed with the SEC today, showing — Joaquin Delgado, Officer — sold 9,420 shares in the company having a market value of approximately $2,166,945. There have been 5 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 18,607 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 28,027 shares and have averaged 4,671 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at 3M is higher than its 23-company peer group average. The Industrial Conglomerates peer group saw 24 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by 3M insiders is lower than its peers. Within the peer group there were 2,392,441 shares purchased and 66,011 shares sold with company insiders having bought 166,174 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing 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.
For more information, contact UpTick at email@example.com. Copyright 2017 UpTick Data Technologies. All rights reserved.