Wednesday, November 08, 2017 10:15 PM ET
Insider at PriceSmart (PSMT) Makes Significant Sale of Stock
A notable insider sale of the shares of PriceSmart was revealed in a form 4 document filed with the SEC today, showing — Jose Luis Laparte, Director and Officer — sold 12,772 shares in the company having a market value of approximately $1,054,675. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,614 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 14,386 shares and have averaged 7,193 shares per transaction over this time period.
This represents a level of buy-sell trading activity that is close to the 4 member peer company average. The average level of shares per transaction for PriceSmart insider buy-sell trading is close to that of the company’s peer group. Within the Discount Stores without groceries peer group there were 0 shares purchased and 62,030 shares sold resulting in an average of 6,892 shares traded and netting out with company insiders having sold 6,892 shares on average.
The data sourced in composing 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.
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