Wednesday, January 24, 2018 10:15 PM ET
Significant Insider Selling in Shares of MG Chemicals (KMG) Continues
An insider disposed of 45,000 shares of MG Chemicals having a market value of approximately $2,792,400 today, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 381,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 426,000 shares and have averaged 213,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at MG Chemicals is greater 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 1,076,336 shares sold with company insiders purchasing 329,242 shares on average.
The data used in composing 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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