Thursday, December 14, 2017 10:15 PM ET
Insider Sale at Cinemark Holdings (CNK) Continues Selling Trend
A SEC filing today revealed a significant insider sale of Cinemark Holdings shares as — Lee Roy Mitchell, Director — disposed of 299,700 shares in the company having a market value of approximately $10,919,179. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 300 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 300,000 shares and have averaged 150,000 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Cinemark Holdings is above the 5-company peer group average. Movie Theaters & Movie Products peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Cinemark Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 9,285 shares sold with company insiders having sold 4,643 shares on average.
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 obtained 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 email@example.com. Copyright 2017 UpTick Data Technologies. All rights reserved.