Thursday, January 11, 2018 10:15 PM ET
Community Health Systems (CYH) sees Significant Insider buy Extending Trend of purchases over Last Quarter
Significant insider buying activity was revealed in Community Health Systems shares in a form 4 document filed with the SEC today, showing — Tian Qiao Chen, 10% Owner — purchased 995,551 shares in the company having a net market value of approximately $3,952,073. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 1,081,240 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,076,791 shares and have averaged 1,038,396 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 higher than the 44-company peer group average. Healthcare Facilities & Services peer group saw 32 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 1,267,640 shares purchased and 676,275 shares sold with company insiders having bought 28,160 shares on average.
The data used in composing 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.
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