Friday, November 24, 2017 10:15 PM ET
Innospec (IOSP) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days
A filing with the SEC today revealed a notable insider sale of Innospec shares as — Patrick Williams, Officer — sold 15,000 shares in the company having a market value of approximately $1,072,335. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 442 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 14,558 shares and have averaged 7,721 shares per transaction over this time period.
The number of insider buy/sell trades at Innospec is greater than that of the 32 peer company average over the last 90-day period. The Specialty Chemicals peer group saw 39 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Innospec insiders is lower than its peers. Within the peer group there were 14,838 shares purchased and 890,904 shares sold with company insiders selling 22,463 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to create and write this story.
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