Thursday, January 04, 2018 10:15 PM ET
Significant Insider Selling in Shares of Titan Machinery
There was a notable sale of shares of Titan Machinery by an insider today, as indicated in a form 4 document filed with the SEC. One insider — David Joseph Meyer, 10% Owner, Director and Officer — sold 61,796 shares in the company having a market value of approximately $1,350,243. This is the first insider buy/sell trade in the past 90 days.
Titan Machinery level of buy-sell trading activity is close to the 7 member peer company average. The Agricultural Machinery peer group saw 4 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares per buy/sell trade transacted by Titan Machinery insiders is higher. Within the peer group there were 11,000 shares purchased and 11,995 shares sold with company insiders selling 249 shares on average.
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 sourced to evaluate and write this story.
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