Insider Sales at NovoCure (NVCR) Extends the Selling Trend of Last Quarter

Monday, November 06, 2017 10:15 PM ET

Insider Sales at NovoCure (NVCR) Extends the Selling Trend of Last Quarter

Four insiders — Kirson, Ambrogi, Palti, and Danziger — today, disposed of 66,900 shares of NovoCure having a market value of approximately $1,455,000, as revealed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 100,634 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 167,534 shares and have averaged 23,933 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at NovoCure is higher than its 270-company peer group average. The Bio Therapeutic Drugs peer group saw 330 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by NovoCure insiders is lower than its peers. Within the peer group there were 25,992,628 shares purchased and 12,411,351 shares sold with company insiders having bought 66,903 shares on average over this time period.

In determining significant insider buying and selling, 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
* Eilon D Kirson, Officer, sold 3,400 shares
* Michael J Ambrogi, Officer, sold 1,200 shares
* Yoram Palti, Director and Officer, sold 60,000 shares
* Asaf Danziger, Director and Officer, sold 2,300 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.

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

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