Friday, December 15, 2017 10:15 PM ET
Insider buy at Immerison (IMMR) Extends the Trend of purchases over Last Quarter
There was noteworthy buying activity in Immerison shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Raging Capital Management Llc, 10% Owner — acquired 326,366 shares in the company having a market value of approximately $2,147,493. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 951,119 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,277,485 shares and have averaged 638,743 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Immerison is above the 16-company peer group average. Computer Peripherals peer group saw 14 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Immerison insiders was also higher. Within the peer group there were 1,033,869 shares purchased and 31,065 shares sold with company insiders acquiring 143,258 shares on average.
The data used in evaluating 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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