Friday, January 05, 2018 10:15 PM ET
Insider at Verso (VRS) Makes Significant Sale of Stock
One Verso insider — Capital Management, L.P. Mudrick, 10% Owner — today, disposed of 798,849 shares having a market value of approximately $13,372,079, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at Verso is above the 5-company peer group average. Paper Mills & Products peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Verso insiders was also higher. Within the peer group there were 0 shares purchased and 8,674 shares sold with company insiders selling 4,337 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 obtained to evaluate 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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