Wednesday, November 15, 2017 10:15 PM ET
Insider at Northrop Grumman (NOC) Makes Significant Sale of Stock
A notable insider sale of the shares of Northrop Grumman was disclosed in a form 4 document filed with the SEC today, showing — Gloria A Flach, Officer — disposed of 7,741 shares in the company having a market value of approximately $2,294,791. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 14,926 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 22,667 shares and have averaged 5,667 shares per transaction over this time period.
The number of insider buy/sell trades at Northrop Grumman is above that of the 43 peer company average over the last 90-day period. The Aerospace & Defense peer group saw 32 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Northrop Grumman insiders is lower than its peers. Within the peer group there were 2,500 shares purchased and 633,810 shares sold with company insiders selling 19,728 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to evaluate and write this story.
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