Thursday, December 14, 2017 10:15 PM ET
Insider Makes Significant Stock Sells in Seritage Growth Properties (SRG) Shares
There was a notable insider sale of Seritage Growth Properties shares today, as indicated in a filing with the SEC as — Bruce R Berkowitz, 10% Owner — sold 772,200 shares in the company having a market value of approximately $31,435,482 This is the first insider buy/sell trade in the past 90 days.
Seritage Growth Properties level of buy-sell trading activity is close to the 48 member peer company average. The Commercial REITs peer group saw 68 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares per buy/sell trade transacted by Seritage Growth Properties insiders is higher. Within the peer group there were 286,241 shares purchased and 251,654 shares sold with company insiders purchasing 988 shares on average.
The data used in creating and writing in this story eliminates 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.
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