Select Medical Holdings (SEM) Insider Makes Significant Share Sale

Thursday, December 14, 2017 10:15 PM ET

Select Medical Holdings (SEM) Insider Makes Significant Share Sale

A filing with the SEC today revealed a substantial insider sale of Select Medical Holdings shares as — Martin F Jackson, Officer — sold 156,603 shares in the company having a market value of approximately $2,671,647. There have been 3 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 156,525 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 313,128 shares and have averaged 78,282 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Select Medical Holdings is higher than the 44-company peer group average. Healthcare Facilities & Services peer group saw 28 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Select Medical Holdings insiders was also higher. Within the peer group there were 274,364 shares purchased and 519,168 shares sold with company insiders having sold 8,743 shares on average.

The data obtained in composing 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.

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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