Thursday, November 09, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Fabrinet (FN)
A filing with the SEC today revealed a significant insider sale of Fabrinet shares as — David T Mitchell, Director and Officer — disposed of 50,000 shares in the company having a market value of approximately $1,501,600. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 50,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 100,000 shares and have averaged 50,000 shares per transaction over this time period.
The level of buy/sell trading at Fabrinet is is higher than the 8 peer company average over the last 90-day period. The Electronic Repair Services peer group saw 7 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Fabrinet insiders was also higher. Within the peer group there were 18,500 shares purchased and 91,000 shares sold with company insiders having sold 10,357 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 used to evaluate and write this story.
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