Wednesday, November 08, 2017 10:15 PM ET
Significant Insider Sales in Shares of BMC Stock Holdings (BMCH) Extends the Selling Trend of Last Quarter
There was a significant level of insider selling reported today in filings with the SEC for BMC Stock Holdings. Two insiders — Carl R Vertuca, Director, and Jeffrey Gene Rea, Director — sold 85,000 shares in the company for approximately $1,870,000. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 136,278 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 221,278 shares and have averaged 31,611 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at BMC Stock Holdings is higher than the 6-company peer group average. Wood Products peer group saw 6 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for BMC Stock Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 17,224 shares sold with company insiders having sold 2,871 shares on average.
The data sourced 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
* Carl R Vertuca, Director, sold 10,000 shares
* Jeffrey Gene Rea, Director, sold 75,000 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.
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