Friday, December 15, 2017 10:15 PM ET
RH (RH) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days
A substantial insider sale of the shares of RH was revealed in a form 4 document filed with the SEC today, showing — Karen Boone, Officer — sold 22,000 shares in the company having a market value of approximately $2,191,102. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 24,259 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,259 shares and have averaged 23,130 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at RH is greater than its 7-company peer group average. The Home Furnishings Retailers peer group saw 9 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by RH insiders is lower than its peers. Within the peer group there were 24,259 shares purchased and 14,142,249 shares sold with company insiders disposing of 1,568,666 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 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.
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