Significant Insider Selling in Shares of Forward Air (FWRD) Continues

Wednesday, November 22, 2017 10:15 PM ET

Significant Insider Selling in Shares of Forward Air (FWRD) Continues

There was a notable sale of shares of Forward Air by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Bruce A Campbell, Director and Officer — disposed of 34,281 shares in the company having a market value of approximately $1,885,779. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 6,624 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 40,905 shares and have averaged 13,635 shares per transaction over this time period.

The number of insider buy/sell trades at Forward Air is greater than the 6 peer company average over the last 90-day period. The Courier, Postal, Air Freight & Land-based Logistics (NEC) peer group saw 2 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Forward Air insiders was also higher. Within the peer group there were 0 shares purchased and 6,624 shares sold with company insiders selling 3,312 shares on average.

The data used in creating 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.

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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