Monday, November 20, 2017 10:15 PM ET
Insiders at Molina Healthcare (MOH) Make Significant Stock Sales Extends the Trend of Last Quarter
A substantial level of insider sales in Molina Healthcare was disclosed in form 4 documents filed with the SEC today. Two insiders — John C Molina, Director, and William Dentino, 10% Owner — disposed of 64,815 shares in the company having a market value of approximately $4,891,596. There have been 11 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 450,345 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 515,160 shares and have averaged 39,628 shares per transaction over this time period.
Insider buy/sell trading at Molina Healthcare is greater than the 11 peer company average over the last 90-day period. The Managed Healthcare peer group saw 41 buy/sell trades during this period for an average of 3.7 transactions per company. The number of shares per buy/sell trade for Molina Healthcare insiders was also higher. Within the peer group there were 0 shares purchased and 582,508 shares sold with company insiders disposing of 14,208 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.
Today’s Insider Activity
* John C Molina, Director, sold 19,815 shares
* William Dentino, 10% Owner, sold 45,000 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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