Wednesday, January 10, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Sears Holdings (SHLD)
An insider disposed of 2,212,400 shares of Sears Holdings having a market value of approximately $7,380,032 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 364,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,576,400 shares and have averaged 1,288,200 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Sears Holdings is above the 7-company peer group average. General Department Stores peer group saw 5 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Sears Holdings insiders was also higher. Within the peer group there were 11,725 shares purchased and 364,000 shares sold with company insiders disposing of 70,455 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 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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