Thursday, December 21, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Illumina (ILMN)
One Illumina insider Jay T Flatley, Director, today, sold 20,000 shares having a market value of approximately $4,309,502, as revealed in a form 4 document filed with the SEC. There have been 4 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 39,242 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 59,242 shares and have averaged 11,848 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Illumina is above its 91-company peer group average. The Advanced Medical Equipment & Technology peer group saw 100 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Illumina insiders is lower than its peers. Within the peer group there were 15,003,512 shares purchased and 3,364,222 shares sold with company insiders having bought 228,221 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to create and write 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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