Wednesday, January 03, 2018 10:15 PM ET
IAC/InterActiveCorp (IAC) sees Significant Insider Selling Continuing
There was a substantial sale of shares of IAC/InterActiveCorp by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Gregg Winiarski, Officer — sold 62,253 shares in the company having a market value of approximately $7,917,959. 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 62,923 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 125,176 shares and have averaged 25,035 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at IAC/InterActiveCorp is higher than the 47-company peer group average. Online Services (NEC) peer group saw 59 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for IAC/InterActiveCorp insiders was also higher. Within the peer group there were 0 shares purchased and 700,146 shares sold with company insiders selling 11,867 shares on average.
The data sourced in evaluating 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.
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