Tuesday, November 14, 2017 10:15 PM ET
Insider buy at Ryman Hospitality Properties (RHP) is Significant Breaks Selling Trend of Last Quarter
There was a noteworthy insider buying activity in Ryman Hospitality Properties shares today as revealed in a filing with the SEC. One insider — Colin V Reed, Director and Officer — purchased 20,000 shares in the company having a net market value of approximately $1,319,599. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 19,280 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 720 shares and have averaged 19,640 shares per transaction over this time period.
Ryman Hospitality Properties insider trading represents a higher number of buy/sell transactions than for the 23 peer company average over the last 90-day period. The Hospitality REITs peer group saw 13 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Ryman Hospitality Properties insiders was also higher. Within the peer group there were 40,469 shares purchased and 29,280 shares sold with company insiders having bought 1,598 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write this story.
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