Continued Level of Significant Insider Selling at MSC Industrial (MSM)

Wednesday, November 15, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at MSC Industrial (MSM)

There was a notable sale of shares of MSC Industrial by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Mitchell Jacobson, 10% Owner and Director — disposed of 26,306 shares in the company having a market value of approximately $2,088,672. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 42,801 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 69,107 shares and have averaged 34,554 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at MSC Industrial is greater than the 19-company peer group average. Industrial Machinery peer group saw 23 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for MSC Industrial insiders was also higher. Within the peer group there were 18,000 shares purchased and 189,359 shares sold with company insiders having sold 7,450 shares on average.

Insider buying and selling activity that is significant 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 evaluating 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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