Significant Insider Selling in Shares of Varian Medical Systems

Wednesday, January 03, 2018 10:15 PM ET

Significant Insider Selling in Shares of Varian Medical Systems

A filing with the SEC today disclosed a notable insider sale of Varian Medical Systems shares as — Timothy E Guertin, Director — sold 10,000 shares in the company having a market value of approximately $1,114,641. This is the first insider buy/sell trade in the past 90 days.

This number of buy-sell trades at Varian Medical Systems is near average for the 92 member peer company. 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, trading at Varian Medical Systems represents a lower number of shares per transaction. 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.

The data used 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.

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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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