Insider Sales at Universal Display (OLED) are Significant and Extend the Selling Trend of Last Quarter

Thursday, November 09, 2017 10:15 PM ET

Insider Sales at Universal Display (OLED) are Significant and Extend the Selling Trend of Last Quarter

A substantial level of insider sales in Universal Display was revealed in form 4 documents filed with the SEC today. Three insiders — Lawrence Lacerte, Director, Rosemarie B Greco, Director, and Sidney D Rosenblatt, Director and Officer — disposed of 67,990 shares in the company having a market value of approximately $11,380,530. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 10,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 77,990 shares and have averaged 19,498 shares per transaction over this time period.

Insiders at Universal Display have a higher number of buy/sell transactions than the 13-peer company average over the last 90-day period. The Integrated Circuits peer group saw 11 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Universal Display insiders was also higher. Within the peer group there were 1,000 shares purchased and 29,134 shares sold with company insiders having sold 2,558 shares on average.

The data sourced in creating 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.

Today’s Insider Activity
* Lawrence Lacerte, Director, sold 16,500 shares
* Rosemarie B Greco, Director, sold 1,250 shares
* Sidney D Rosenblatt, Director and Officer, sold 50,240 shares

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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