Tuesday, November 21, 2017 10:15 PM ET
Insider at Wayfair (NYSE:W) Makes Significant Sale of Stock
There was a significant sale of shares of Wayfair by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Neeraj Agrawal, Director — sold 20,000 shares in the company having a market value of approximately $1,334,578. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 240,737 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 260,737 shares and have averaged 43,456 shares per transaction over this time period.
The number of insider buy/sell trades at Wayfair is greater than that of the 6 peer company average over the last 90-day period. The Internet & Mail Order Department Stores peer group saw 25 buy/sell trades during this period for an average of 4.2 transactions per company. However, the number of shares traded per transaction by Wayfair insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,245,397 shares sold with company insiders selling 49,816 shares on average over this time period.
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 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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