Significant Insider Selling in Shares of Scientific Games (SGMS) Continues

Wednesday, December 27, 2017 10:15 PM ET

Significant Insider Selling in Shares of Scientific Games (SGMS) Continues

An insider — David L Kennedy, Director — disposed of 21,971 shares of Scientific Games having a market value of approximately $1,099,649 today, as revealed in a form 4 document filed with the SEC. 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 disposition of 157,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 178,971 shares and have averaged 44,743 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Scientific Games is higher than its 3-company peer group average. The Gambling & Gaming Machine Manufacturers peer group saw 3 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Scientific Games insiders is lower than its peers. Within the peer group there were 0 shares purchased and 157,000 shares sold with company insiders disposing of 52,333 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 evaluate 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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