Insider Selling in Intersect Entertainment (XENT) Shares Continues

Thursday, January 18, 2018 10:15 PM ET

Insider Selling in Intersect Entertainment (XENT) Shares Continues

A notable insider sale of the shares of Intersect Entertainment was indicated in a form 4 document filed with the SEC today, showing — Richard E Kaufman, Officer — disposed of 50,000 shares in the company having a market value of approximately $1,666,653. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 65,000 shares and have averaged 32,500 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Intersect Entertainment is greater than its 83-company peer group average. The Medical Equipment, Supplies & Distribution peer group saw 77 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Intersect Entertainment insiders is lower than its peers. Within the peer group there were 2,468,009 shares purchased and 1,070,612 shares sold with company insiders having bought 25,407 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 used to create 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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