Wednesday, January 03, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Illumina (ILMN)
A filing with the SEC today disclosed a substantial insider sale of Illumina shares as — Jay T Flatley, Director — sold 20,000 shares in the company having a market value of approximately $4,468,090. 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 59,242 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 79,242 shares and have averaged 15,848 shares per transaction over this time period.
The number of insider buy/sell trades at Illumina is above that of the 92 peer company average over the last 90-day period. The Advanced Medical Equipment & Technology peer group saw 102 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 3,412,451 shares sold with company insiders acquiring 214,649 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have 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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