Wednesday, November 15, 2017 10:15 PM ET
Insider Sale at Choice Hotels International (CHH) Continues Selling Trend
A SEC filing today indicated a substantial insider sale of Choice Hotels International shares as — Bruce Bainum, 10% Owner — sold 250,000 shares in the company having a market value of approximately $18,513,050. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 20,770 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 270,770 shares and have averaged 135,385 shares per transaction over this time period.
Insiders at Choice Hotels International have a higher number of buy/sell transactions than the 14-peer company average over the last 90-day period. The Hotels & Motels peer group saw 3 buy/sell trades during this period for an average of 0.2 transactions per company. The number of shares per buy/sell trade for Choice Hotels International insiders was also higher. Within the peer group there were 0 shares purchased and 43,478 shares sold with company insiders selling 14,493 shares on average.
In determining significant insider buying and selling, 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 compose and write this story.
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