Monday, November 20, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Coty (COTY)
There was noteworthy buying activity in Coty shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — JAB Cosmetics BV, 10% Owner — acquired 2,800,000 shares in the company having a market value of approximately $47,424,880. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 8,437,305 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 11,237,305 shares and have averaged 1,123,731 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Coty is higher than the 6-company peer group average. Cosmetics & Perfumes peer group saw 12 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Coty insiders was also higher. Within the peer group there were 8,437,305 shares purchased and 750 shares sold with company insiders purchasing 843,656 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in creating and writing 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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