Wednesday, November 22, 2017 10:15 PM ET
Insider Makes Significant Stock Sells in Red Lion Hotels (RLH) Shares
There was a substantial sale of shares of Red Lion Hotels by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Columbia Pacific Opportunity Fund Lp, Director — sold 300,000 shares in the company having a market value of approximately $2,490,150. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at Red Lion Hotels is higher than the 14-company peer group average. Hotels & Motels peer group saw 6 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Red Lion Hotels insiders was also higher. Within the peer group there were 0 shares purchased and 399,945 shares sold with company insiders disposing of 66,658 shares on average.
The data sourced in evaluating and writing in this story eliminates 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.
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