Friday, January 26, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at MG Chemicals (KMG)
An insider sold 30,000 shares of MG Chemicals having a market value of approximately $1,888,650 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 417,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 447,000 shares and have averaged 223,500 shares per transaction over this time period.
Insider buy/sell trading at MG Chemicals is greater than the 32 peer company average over the last 90-day period. The 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 1,112,336 shares sold with company insiders having bought 327,348 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.
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