Significant Insider Selling in Shares of PulteGroup (PHM) Continues

Monday, November 20, 2017 10:15 PM ET

Significant Insider Selling in Shares of PulteGroup (PHM) Continues

A SEC filing today indicated a notable insider sale of PulteGroup shares as — James R Ellinghausen, Officer — disposed of 67,490 shares in the company having a market value of approximately $2,183,255. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 136,912 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 204,402 shares and have averaged 102,201 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at PulteGroup is above the 15-company peer group average. Homebuilding peer group saw 13 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for PulteGroup insiders was also higher. Within the peer group there were 0 shares purchased and 396,662 shares sold with company insiders disposing of 30,512 shares on average.

For the purpose of evaluating significant insider buying and selling all 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 create 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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