Friday, November 03, 2017 10:15 PM ET
Northrop Grumman (NOC) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
Two insiders — Denise M Peppard, Officer, and Christopher T Jones, Officer — sold 6,287 shares of Northrop Grumman having a market value of approximately $1,858,877, today, as revealed in form 4 documents filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 6,311 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 12,598 shares and have averaged 4,199 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Northrop Grumman is greater than its 43-company peer group average. The Aerospace & Defense peer group saw 28 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Northrop Grumman insiders is lower than its peers. Within the peer group there were 37,405 shares purchased and 256,897 shares sold with company insiders disposing of 7,839 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Today’s Insider Activity
* Denise M Peppard, Officer, sold 5,037 shares
* Christopher T Jones, Officer, sold 1,250 shares
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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