Insider Selling at Howard Hughes (HHC) is Significant

Wednesday, January 03, 2018 10:15 PM ET

Insider Selling at Howard Hughes (HHC) is Significant

One insider — Pershing Square Capital Management Lp, Director — today, disposed of 2,500,000 shares of Howard Hughes having a market value of approximately $319,650,000, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

During the last 90 days, the number of insider buy/sell trades at Howard Hughes is above the 35-company peer group average. Real Estate Rental, Development & Operations (NEC) peer group saw 11 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Howard Hughes insiders was also higher. Within the peer group there were 1,069,500 shares purchased and 9,953 shares sold with company insiders having bought 211,909 shares on average.

The data used in composing 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.

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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