Wednesday, November 15, 2017 10:15 PM ET
Insider Selling at Medifast (MED) is Significant
There was a notable sale of shares of Medifast by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Glenn W Welling, Director — sold 250,000 shares in the company having a market value of approximately $16,250,000. This is the first insider buy/sell trade in the past 90 days.
Compared to its peers over the last 90 days, insider buy/sell trading at Medifast is higher than the 15-company peer group average. Special Foods & Welbeing Products peer group saw 2 buy/sell trades during this period for an average of 0.1 transactions per company. The number of shares per buy/sell trade for Medifast insiders was also higher. Within the peer group there were 7,400 shares purchased and 0 shares sold with company insiders acquiring 3,700 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 used to compose and write 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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