Friday, January 05, 2018 10:15 PM ET
Insider Selling in MG Chemicals (KMG) Shares Continues
There was a significant sale of shares of MG Chemicals by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — David L Hatcher, 10% Owner — sold 45,000 shares in the company having a market value of approximately $2,914,650. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 237,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 282,000 shares and have averaged 141,000 shares per transaction over this time period.
The number of insider buy/sell trades at MG Chemicals is greater than that of the 32 peer company average over the last 90-day period. The Specialty Chemicals peer group saw 43 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by MG Chemicals insiders is lower than its peers. Within the peer group there were 7,331,940 shares purchased and 932,336 shares sold with company insiders purchasing 336,821 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to create 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.
For more information, contact UpTick at firstname.lastname@example.org. Copyright 2018 UpTick Data Technologies. All rights reserved.