Significant Insider Selling in Shares of Echo Global Logistics (ECHO) Continues

Friday, November 03, 2017 10:15 PM ET

Significant Insider Selling in Shares of Echo Global Logistics (ECHO) Continues

There was a substantial insider sale of Echo Global Logistics shares today, as disclosed in a filing with the SEC as — Samuel K Skinner, Director — disposed of 120,000 shares in the company having a market value of approximately $2,821,272 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 20,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 140,000 shares and have averaged 70,000 shares per transaction over this time period.

Echo Global Logistics insider trading represents a higher number of buy/sell trades than for the 6 peer company average over the last 90-day period. The Integrated Logistics Operators peer group saw 1 buy/sell trades during this period for an average of 0.2 transactions per company. The number of shares per buy/sell trade for Echo Global Logistics insiders was also higher. Within the peer group there were 0 shares purchased and 20,000 shares sold with company insiders disposing of 20,000 shares on average.

The data used 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.

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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