Monday, November 27, 2017 10:15 PM ET
Insider Selling at Lannett Co (LCI) Continues with Significant Sale
There was a significant sale of shares of Lannett Co by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Arthur P Bedrosian, Director and Officer — disposed of 92,578 shares in the company having a market value of approximately $2,424,366. 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 17,422 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,000 shares and have averaged 36,667 shares per transaction over this time period.
The number of insider buy/sell trades at Lannett Co is greater than that of the 116 peer company average over the last 90-day period. The Pharmaceuticals peer group saw 69 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Lannett Co insiders is lower than its peers. Within the peer group there were 598,214 shares purchased and 2,299,545 shares sold with company insiders selling 24,657 shares on average over this time period.
In order to focus on 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 data used to create and write this story.
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