Wednesday, January 10, 2018 10:15 PM ET
Insider Sales at Monster Beverage (MNST) are Significant and Extend the Selling Trend of Last Quarter
There was substantial level of selling of Monster Beverage shares today, as disclosed in filings with the SEC. Two insiders — Hilton H Schlosberg, Director and Officer, and Rodney C Sacks, Director and Officer — disposed of 124,772 shares in the company having a market value of approximately $8,051,537. 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 381,518 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 506,290 shares and have averaged 126,573 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Monster Beverage is greater than the 2-company peer group average. Energy Drinks peer group saw 4 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Monster Beverage insiders was also higher. Within the peer group there were 0 shares purchased and 381,518 shares sold with company insiders disposing of 95,380 shares on average.
The data obtained 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
* Hilton H Schlosberg, Director and Officer, sold 62,386 shares
* Rodney C Sacks, Director and Officer, sold 62,386 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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