Wednesday, January 10, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Community Health Systems (CYH) Shares Extends the Trend of Last 90 Days
An insider — Tian Qiao Chen, 10% Owner — bought 478,700 shares of Community Health Systems having a market value of approximately $1,905,561 today, as disclosed 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 purchase of 602,540 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,081,240 shares and have averaged 540,620 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Community Health Systems is above the 44-company peer group average. Healthcare Facilities & Services peer group saw 31 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Community Health Systems insiders was also higher. Within the peer group there were 788,940 shares purchased and 676,275 shares sold with company insiders acquiring 5,365 shares on average.
The data used in evaluating 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.
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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