Insider Selling in Casella Waste Systems (CWST) Shares Continues

Thursday, November 09, 2017 10:15 PM ET

Insider Selling in Casella Waste Systems (CWST) Shares Continues

A SEC filing today indicated a significant insider sale of Casella Waste Systems shares as — John W Casella, Director and Officer — disposed of 62,433 shares in the company having a market value of approximately $1,205,671. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 64,933 shares and have averaged 32,467 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Casella Waste Systems is higher than the 17-company peer group average. Waste Management, Disposal & Recycling Services peer group saw 7 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Casella Waste Systems insiders was also higher. Within the peer group there were 0 shares purchased and 66,963 shares sold with company insiders having sold 9,566 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 compose 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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