Continued Level of Significant Insider Selling at Western Resources (WR)

Wednesday, November 15, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Western Resources (WR)

There was a notable sale of shares of Western Resources by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Mark A Ruelle, Director and Officer — sold 37,000 shares in the company having a market value of approximately $2,010,950. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 15,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 52,000 shares and have averaged 10,400 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Western Resources is higher than its 69-company peer group average. The Electric Utilities peer group saw 85 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Western Resources insiders is lower than its peers. Within the peer group there were 297,212 shares purchased and 1,269,972 shares sold with company insiders disposing of 11,444 shares on average over this time period.

The data obtained in creating 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.

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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