Wednesday, December 06, 2017 10:15 PM ET
Insider Sale at Six Flags Entertainment (SIX) Deemed Significant
A SEC filing today revealed a significant insider sale of Six Flags Entertainment shares as — James Reid-Anderson, Director and Officer — sold 78,614 shares in the company having a market value of approximately $5,213,378. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Six Flags Entertainment is near the 3 member peer company average. The Amusement Parks and Zoos peer group saw 2 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Six Flags Entertainment insiders is higher. Within the peer group there were 0 shares purchased and 6,000 shares sold with company insiders having sold 3,000 shares on average.
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 evaluate and write this story.
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