Friday, January 26, 2018 10:15 PM ET
Insider Sale at Twitter (TWTR) Continues Selling Trend
There was a notable insider sale of Twitter shares today, as revealed in a filing with the SEC as — Evan Clark Williams, Director — sold 546,200 shares in the company having a market value of approximately $12,548,284 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 4,420,286 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 4,966,486 shares and have averaged 1,241,622 shares per transaction over this time period.
The number of insider buy/sell trades at Twitter is above the 11 peer company average over the last 90-day period. The Social Media & Networking peer group saw 37 buy/sell trades during this period for an average of 3.4 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 84,469 shares purchased and 7,268,696 shares sold with company insiders having sold 194,168 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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