Significant Insider Selling Continues at Simpson Manufacturing (SSD)

Friday, January 19, 2018 10:15 PM ET

Significant Insider Selling Continues at Simpson Manufacturing (SSD)

There was a significant sale of shares of Simpson Manufacturing by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Sharon H Simpson, 10% Owner — sold 89,410 shares in the company having a market value of approximately $5,251,986. 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 sale of 777,766 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 867,176 shares and have averaged 216,794 shares per transaction over this time period.

The number of insider buy/sell trades at Simpson Manufacturing is above the 19 peer company average over the last 90-day period. The 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 890,930 shares sold with company insiders disposing of 27,496 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data used 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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