Insider Selling in Covenant Transport (CVTI) Shares Continues

Friday, November 03, 2017 10:15 PM ET

Insider Selling in Covenant Transport (CVTI) Shares Continues

A SEC filing today revealed a notable insider sale of Covenant Transport shares as — David Ray Parker, 10% Owner, Director and Officer — disposed of 60,919 shares in the company having a market value of approximately $1,829,897. 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 disposition of 262,922 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 323,841 shares and have averaged 107,947 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Covenant Transport is higher than the 21-company peer group average. Ground Freight & Logistics peer group saw 17 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Covenant Transport insiders was also higher. Within the peer group there were 3,000 shares purchased and 332,336 shares sold with company insiders having sold 19,373 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 sourced to create 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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