Insiders at NovoCure (NVCR) Make Significant Stock Sales Extends the Trend of Last Quarter

Tuesday, January 16, 2018 10:15 PM ET

Insiders at NovoCure (NVCR) Make Significant Stock Sales Extends the Trend of Last Quarter

NovoCure, today, saw two insiders — Eilon D Kirson, Officer, and Asaf Danziger, Director and Officer — dispose 361,740 shares having a market value of approximately $8,068,866, as disclosed in form 4 documents filed with the SEC. There have been 5 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 354,249 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 715,989 shares and have averaged 102,284 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at NovoCure is greater than its 280-company peer group average. The Bio Therapeutic Drugs peer group saw 331 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by NovoCure insiders is lower than its peers. Within the peer group there were 44,055,575 shares purchased and 40,754,301 shares sold with company insiders acquiring 15,427 shares on average over this time period.

Insider buying and selling activity that is significant 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 composing and writing this story.

Today’s Insider Activity
* Eilon D Kirson, Officer, sold 25,320 shares
* Asaf Danziger, Director and Officer, sold 336,420 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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