Wednesday, November 08, 2017 10:15 PM ET
Significant Insider Selling Continues at Hewlett Packard (HPQ)
A notable insider sale of the shares of Hewlett Packard was indicated in a form 4 document filed with the SEC today, showing — Dion J Weisler, Director and Officer — disposed of 80,102 shares in the company having a market value of approximately $1,719,734. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 81,930 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 162,032 shares and have averaged 81,016 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Hewlett Packard is above the 21-company peer group average. Computer Hardware peer group saw 21 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Hewlett Packard insiders was also higher. Within the peer group there were 18,058 shares purchased and 391,703 shares sold with company insiders having sold 17,793 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to compose and write this story.
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