Tuesday, November 14, 2017 10:15 PM ET
Insider purchase at Drive Shack (DS) prolongs buy activity of Last 90 Days
There was a substantial insider buy in Drive Shack shares today as revealed in a filing with the SEC. One insider — Wesley R Edens, Director — acquired 561,317 shares in the company having a net market value of approximately $2,298,366. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 468,895 company shares and the sale of 32,311 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 997,901 shares and have averaged 265,631 shares per transaction over this time period.
Insider buy/sell trading at Drive Shack is higher than the 2 peer company average over the last 90-day period. The Golf Courses peer group saw 5 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for Drive Shack insiders was also higher. Within the peer group there were 468,895 shares purchased and 32,311 shares sold with company insiders purchasing 145,528 shares on average.
The data sourced in evaluating 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.
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