Tuesday, November 21, 2017 10:15 PM ET
Insider Sale at Astronics (ATRO) Deemed Significant
There was a notable sale of shares of Astronics by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Robert J McKenna, Director — sold 45,000 shares in the company having a market value of approximately $1,755,000. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Astronics is close to that of the 43 member peer company average. The Aerospace & Defense peer group saw 37 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Astronics insiders is higher. Within the peer group there were 7,850 shares purchased and 654,301 shares sold with company insiders disposing of 17,472 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 obtained in composing and writing this story.
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