Friday, January 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of Simpson Manufacturing (SSD) Continues
There was a notable sale of shares of Simpson Manufacturing by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Sharon H Simpson, 10% Owner — sold 54,379 shares in the company having a market value of approximately $3,132,661. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,018,496 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,072,875 shares and have averaged 268,219 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Simpson Manufacturing is higher than the 19-company peer group average. Construction Supplies & Fixtures peer group saw 33 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 11,054 shares purchased and 1,125,602 shares sold with company insiders having sold 33,774 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 used to create and write this story.
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