Thursday, December 28, 2017 10:15 PM ET
Insider at MG Chemicals (KMG) Makes Significant Sale of Stock
One MG Chemicals insider — David L Hatcher, 10% Owner — today, sold 45,000 shares having a market value of approximately $2,975,340, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 180,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 225,000 shares and have averaged 112,500 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at MG Chemicals is greater than the 32-company peer group average. Specialty Chemicals peer group saw 43 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for MG Chemicals insiders was also higher. Within the peer group there were 56,016 shares purchased and 875,336 shares sold with company insiders disposing of 19,054 shares on average.
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 sourced in creating and writing this story.
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