Wednesday, November 08, 2017 10:15 PM ET
Insider Sales at NovoCure (NVCR) are Significant and Extend the Selling Trend of Last Quarter
Three insiders — Eilon D Kirson, Officer, Yoram Palti, Director and Officer, and Asaf Danziger, Director and Officer — disposed of 76,019 shares of NovoCure having a market value of approximately $1,616,178, today, as revealed in form 4 documents filed with the SEC. There have been 4 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 167,534 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 243,553 shares and have averaged 34,793 shares per transaction over this time period.
The number of insider buy/sell trades at NovoCure is higher than that of the 270 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 331 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 26,130,237 shares purchased and 11,860,917 shares sold with company insiders acquiring 70,992 shares on average over this time period.
The data obtained 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.
Today’s Insider Activity
* Eilon D Kirson, Officer, sold 9,100 shares
* Yoram Palti, Director and Officer, sold 60,000 shares
* Asaf Danziger, Director and Officer, sold 6,919 shares
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