Marriott International (MAR) sees Significant Insider Selling Continuing

Wednesday, December 13, 2017 10:15 PM ET

Marriott International (MAR) sees Significant Insider Selling Continuing

There was a notable sale of shares of Marriott International by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Bruce W Duncan, Director — sold 8,644 shares in the company having a market value of approximately $1,118,047. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 205,407 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 214,051 shares and have averaged 26,756 shares per transaction over this time period.

The number of insider buy/sell trades at Marriott International is higher than that of the 13 peer company average over the last 90-day period. The Hotels, Motels & Cruise Lines peer group saw 25 buy/sell trades during this period for an average of 1.9 transactions per company. However, the number of shares traded per transaction by Marriott International insiders is lower than its peers. Within the peer group there were 0 shares purchased and 47,312,193 shares sold with company insiders selling 1,892,488 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 used in evaluating 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.

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