Thursday, November 09, 2017 10:15 PM ET
Scientific Games (SGMS) Insider Makes Significant Share Sale
There was a notable insider sale of Scientific Games shares today, as revealed in a filing with the SEC as — David L Kennedy, Director — sold 40,000 shares in the company having a market value of approximately $1,930,400 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 100,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 140,000 shares and have averaged 70,000 shares per transaction over this time period.
The number of insider buy/sell trades at Scientific Games is greater than that of the 3 peer company average over the last 90-day period. The Gambling & Gaming Machine Manufacturers peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. However, the number of shares traded per transaction by Scientific Games insiders is lower than its peers. Within the peer group there were 0 shares purchased and 100,000 shares sold with company insiders having sold 100,000 shares on average over this time period.
Significant insider buying and selling activity 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 data used in composing 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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