Bluebird Bio (BLUE) sees Significant Insider Sales Extending the Trend of Last Quarter

Tuesday, January 09, 2018 10:15 PM ET

Bluebird Bio (BLUE) sees Significant Insider Sales Extending the Trend of Last Quarter

There was substantial level of selling of Bluebird Bio shares today, as reported in filings with the SEC. Four insiders — Gregory, Cole, Walsh, and Leschly — disposed of 11,336 shares in the company having a market value of approximately $1,965,389. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 19,155 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 30,491 shares and have averaged 5,082 shares per transaction over this time period.

The number of insider buy/sell trades at Bluebird Bio is above that of the 280 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 327 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Bluebird Bio insiders is lower than its peers. Within the peer group there were 42,573,637 shares purchased and 40,626,427 shares sold with company insiders purchasing 9,272 shares on average over this time period.

The data used in creating 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.

Today’s Insider Activity
* Philip D Gregory, Officer, sold 1,712 shares
* Jason Cole, Officer, sold 1,129 shares
* Jeffrey T Walsh, Officer, sold 3,060 shares
* Nick Leschly, Director and Officer, sold 5,435 shares

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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