Monday, November 20, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Loxo Oncology (LOXO) Shares Extending the Trend of Last Quarter
Loxo Oncology, today, saw two insiders — OrbiMed Advisors Llc, Director, and David P Bonita, Director — sell 540,000 shares having a market value of approximately $40,102,778, as revealed in form 4 documents filed with the SEC. There have been 3 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 37,250 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 577,250 shares and have averaged 115,450 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Loxo Oncology is greater than its 272-company peer group average. The Bio Therapeutic Drugs peer group saw 342 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Loxo Oncology insiders is lower than its peers. Within the peer group there were 37,380,021 shares purchased and 20,886,396 shares sold with company insiders purchasing 79,296 shares on average over this time period.
In order to focus on 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 data used to create and write this story.
Today’s Insider Activity
* OrbiMed Advisors Llc, Director, sold 270,000 shares
* David P Bonita, Director, sold 270,000 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.
For more information, contact UpTick at firstname.lastname@example.org. Copyright 2017 UpTick Data Technologies. All rights reserved.