Thursday, December 28, 2017 10:15 PM ET
Insider Buying of REATA Pharmaceuticals (RETA) Shares Extends the Trend of Last 90 Days
There were noteworthy insider purchases of REATA Pharmaceuticals shares today, as disclosed in filings with the SEC as three insiders — CPMG Inc, 10% Owner and Director, R Kent McGaughy Jr, 10% Owner and Director, and James W Traweek Jr, 10% Owner — acquired 81,600 shares in the company having a net market value of approximately $2,116,170. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 600,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 681,600 shares and have averaged 113,600 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at REATA Pharmaceuticals is greater than its 279-company peer group average. The Bio Therapeutic Drugs peer group saw 315 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by REATA Pharmaceuticals insiders is lower than its peers. Within the peer group there were 43,760,863 shares purchased and 36,122,656 shares sold with company insiders purchasing 37,079 shares on average over this time period.
The data obtained in creating and writing in this story eliminates 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.
Today’s Insider Activity
* CPMG Inc, 10% Owner and Director, bought 27,200 shares
* R Kent McGaughy Jr, 10% Owner and Director, bought 27,200 shares
* James W Traweek Jr, 10% Owner, bought 27,200 shares
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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