Wednesday, December 13, 2017 10:15 PM ET
Insider Selling at Cerner (CERN) Continues with Significant Sale
A substantial insider sale of the shares of Cerner was indicated in a form 4 document filed with the SEC today, showing — Zane M Burke, Officer — disposed of 50,000 shares in the company having a market value of approximately $3,500,000. 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 633,470 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 683,470 shares and have averaged 227,823 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Cerner is greater than the 91-company peer group average. Advanced Medical Equipment & Technology peer group saw 103 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Cerner insiders was also higher. Within the peer group there were 15,081,823 shares purchased and 3,366,424 shares sold with company insiders having bought 216,952 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 sourced to create and write this story.
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