Thursday, November 09, 2017 10:15 PM ET
Insider Makes Significant Stock buy in Drive Shack (DS) Shares Extends the Trend of Last 90 Days
An insider — Wesley R Edens, Director — purchased 398,895 shares of Drive Shack having a market value of approximately $1,584,764 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 70,000 company shares and the sale of 26,609 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 442,286 shares and have averaged 165,168 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Drive Shack is above the 2-company peer group average. Golf Courses peer group saw 3 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Drive Shack insiders was also higher. Within the peer group there were 70,000 shares purchased and 26,609 shares sold with company insiders acquiring 21,696 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.
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