Wednesday, November 08, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Esterline Technologies (ESL) Extending the Trend of Last Quarter
SEC filings today revealed notable insider sales of Esterline Technologies shares as two insiders — J Richard Atwood, 10% Owner, and First Pacific Advisors Llc, 10% Owner — sold 14,458 shares in the company having a market value of approximately $1,375,573. There have been 2 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 514,339 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 528,797 shares and have averaged 132,199 shares per transaction over this time period.
Esterline Technologies insider trading represents a level of buy/sell trades that is above for the 43 peer company average over the last 90-day period. The Aerospace & Defense peer group saw 34 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Esterline Technologies insiders was also higher. Within the peer group there were 28,500 shares purchased and 616,218 shares sold with company insiders disposing of 17,286 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing this story.
Today’s Insider Activity
* J Richard Atwood, 10% Owner, sold 7,229 shares
* First Pacific Advisors Llc, 10% Owner, sold 7,229 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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