Thursday, November 09, 2017 10:15 PM ET
Insider Sale at PriceSmart (PSMT) Continues Selling Trend
A notable insider sale of the shares of PriceSmart was revealed in a form 4 document filed with the SEC today, showing — Sherry S Bahrambeygui, Director — sold 16,200 shares in the company having a market value of approximately $1,321,084. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 14,386 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 30,586 shares and have averaged 10,195 shares per transaction over this time period.
PriceSmart level of buy-sell trading activity is close to the 4 member peer company average. The Discount Stores without groceries peer group saw 10 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares per buy/sell trade transacted by PriceSmart insiders is higher. Within the peer group there were 0 shares purchased and 74,802 shares sold with company insiders disposing of 7,480 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write 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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