Wednesday, November 15, 2017 10:15 PM ET
Evercore (EVR) sees Significant Insider Sales Extending the Trend of Last Quarter
Two insiders — Adam B Frankel, Officer, and Andrew Sibbald, Officer — sold 13,000 shares of Evercore having a market value of approximately $1,085,596, today, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 23,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 36,000 shares and have averaged 9,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Evercore is above its 15-company peer group average. The Investment Banking & Brokerage Services peer group saw 27 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Evercore insiders is lower than its peers. Within the peer group there were 272,510 shares purchased and 1,068,673 shares sold with company insiders disposing of 29,488 shares on average over this time period.
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 sourced to create and write this story.
Today’s Insider Activity
* Adam B Frankel, Officer, sold 1,000 shares
* Andrew Sibbald, Officer, sold 12,000 shares
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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