Tuesday, January 30, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Simpson Manufacturing (SSD)
A substantial insider sale of the shares of Simpson Manufacturing was disclosed in a form 4 document filed with the SEC today, showing — Sharon H Simpson, 10% Owner — sold 120,825 shares in the company having a market value of approximately $7,196,574. There have been 2 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 547,905 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 668,730 shares and have averaged 222,910 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 29 buy/sell trades during this period for an average of 1.5 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 663,298 shares sold with company insiders selling 22,491 shares on average.
The data sourced 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.
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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