Continued Level of Significant Insider Selling at MSC Industrial (MSM)

Thursday, November 09, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at MSC Industrial (MSM)

There was a significant sale of shares of MSC Industrial by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Mitchell Jacobson, 10% Owner and Director — disposed of 18,098 shares in the company having a market value of approximately $1,479,331. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 13,582 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 31,680 shares and have averaged 15,840 shares per transaction over this time period.

MSC Industrial insider trading represents a level of buy/sell trades that is above for the 18 peer company average over the last 90-day period. The Industrial Machinery peer group saw 21 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for MSC Industrial insiders was also higher. Within the peer group there were 18,000 shares purchased and 160,140 shares sold with company insiders having sold 6,769 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.

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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