Wednesday, January 10, 2018 10:15 PM ET
Insider Selling at MG Chemicals (KMG) Continues with Significant Sale
There was a substantial sale of shares of MG Chemicals by an insider today, as indicated in a form 4 document filed with the SEC. One insider — David L Hatcher, 10% Owner — sold 45,000 shares in the company having a market value of approximately $2,922,750. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 273,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 318,000 shares and have averaged 159,000 shares per transaction over this time period.
The number of insider buy/sell trades at MG Chemicals is greater than that of the 32 peer company average over the last 90-day period. The Specialty Chemicals peer group saw 43 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by MG Chemicals insiders is lower than its peers. Within the peer group there were 7,331,940 shares purchased and 968,336 shares sold with company insiders having bought 334,927 shares on average over this time period.
In determining significant insider buying and selling, 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 sourced to create and write this story.
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