Significant Insider Selling in Shares of Marchex

Monday, November 06, 2017 10:15 PM ET

Significant Insider Selling in Shares of Marchex

A SEC filing today indicated a notable insider sale of Marchex shares as — Prescott Group Capital Management Llc, 10% Owner — sold 1,100,000 shares in the company having a market value of approximately $3,410,000. This is the first insider buy/sell trade in the past 90 days.

The level of buy/sell trading at Marchex is is above the 24 peer company average over the last 90-day period. The Advertising & Marketing peer group saw 8 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Marchex insiders was also higher. Within the peer group there were 0 shares purchased and 198,076 shares sold with company insiders selling 24,760 shares on average.

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 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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