Globalstar (GSAT) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days

Wednesday, December 13, 2017 10:15 PM ET

Globalstar (GSAT) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days

One insider — James Monroe III, 10% Owner, Director and Officer — today, sold 38,000,000 shares of Globalstar having a market value of approximately $44,080,000, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 27,607,656 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,392,344 shares and have averaged 32,803,828 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Globalstar is higher than the 4-company peer group average. Satellite Service Operators peer group saw 2 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Globalstar insiders was also higher. Within the peer group there were 27,653,406 shares purchased and 0 shares sold with company insiders having bought 13,826,703 shares on average.

Insider buying and selling activity that is significant 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 creating and writing this story.

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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.