Friday, January 19, 2018 10:15 PM ET
Insider Sale at MG Chemicals (KMG) Continues Selling Trend
A filing with the SEC today revealed a significant insider sale of MG Chemicals shares as — David L Hatcher, 10% Owner — sold 30,000 shares in the company having a market value of approximately $1,925,850. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 363,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 393,000 shares and have averaged 196,500 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at MG Chemicals is higher than the 32-company peer group average. Specialty Chemicals peer group saw 44 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for MG Chemicals insiders was also higher. Within the peer group there were 7,331,940 shares purchased and 1,058,336 shares sold with company insiders having bought 330,190 shares on average.
The data obtained in creating 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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