Insider Sale at Sears Holdings (SHLD) Continues Selling Trend

Tuesday, January 16, 2018 10:15 PM ET

Insider Sale at Sears Holdings (SHLD) Continues Selling Trend

There was a significant sale of shares of Sears Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Bruce R Berkowitz, 10% Owner — sold 567,600 shares in the company having a market value of approximately $1,958,220. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,576,400 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,144,000 shares and have averaged 1,572,000 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Sears Holdings is greater than the 7-company peer group average. General Department Stores peer group saw 6 buy/sell trades during this period for an average of 0.9 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 2,576,400 shares sold with company insiders selling 427,446 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in evaluating and writing 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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