Barnes & Noble Education (BNED) Insider Makes Significant Share Sale

Thursday, December 28, 2017 10:15 PM ET

Barnes & Noble Education (BNED) Insider Makes Significant Share Sale

There was a notable insider sale of Barnes & Noble Education shares today, as indicated in a filing with the SEC as — Abrams Capital Management Lp, 10% Owner — sold 129,665 shares in the company having a market value of approximately $1,103,199 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,049,400 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,179,065 shares and have averaged 1,089,533 shares per transaction over this time period.

The number of insider buy/sell trades at Barnes & Noble Education is higher than that of the 19 peer company average over the last 90-day period. The Other Specialty Retailers peer group saw 27 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Barnes & Noble Education insiders is lower than its peers. Within the peer group there were 58,990 shares purchased and 33,427,122 shares sold with company insiders having sold 1,235,857 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 obtained 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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