Insiders Make Significant Stock Sales in Loxo Oncology (LOXO) Shares Extending the Trend of Last Quarter

Monday, November 27, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in Loxo Oncology (LOXO) Shares Extending the Trend of Last Quarter

There was significant selling of Loxo Oncology shares today, as reported in filings with the SEC. Three insiders — OrbiMed Advisors Llc, Director, Aisling Capital III Lp, 10% Owner, and David P Bonita, Director — sold 1,034,000 shares in the company having a market value of approximately $77,550,000. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 567,250 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,601,250 shares and have averaged 200,156 shares per transaction over this time period.

The number of insider buy/sell trades at Loxo Oncology is above that of the 273 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 326 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Loxo Oncology insiders is lower than its peers. Within the peer group there were 36,960,616 shares purchased and 40,152,398 shares sold with company insiders disposing of 9,791 shares on average over this time period.

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 creating and writing this story.

Today’s Insider Activity
* OrbiMed Advisors Llc, Director, sold 267,000 shares
* Aisling Capital III Lp, 10% Owner, sold 500,000 shares
* David P Bonita, Director, sold 267,000 shares

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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