Significant Insider Selling Continues at Simpson Manufacturing (SSD)

Tuesday, January 16, 2018 10:15 PM ET

Significant Insider Selling Continues at Simpson Manufacturing (SSD)

There was a substantial insider sale of Simpson Manufacturing shares today, as revealed in a filing with the SEC as — Sharon H Simpson, 10% Owner — disposed of 122,841 shares in the company having a market value of approximately $7,235,534 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 848,183 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 971,024 shares and have averaged 242,756 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Simpson Manufacturing is above the 19-company peer group average. Construction Supplies & Fixtures peer group saw 32 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 11,054 shares purchased and 960,289 shares sold with company insiders having sold 29,664 shares on average.

For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write 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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