Insider Sale at Facebook (FB) Continues Selling Trend

Tuesday, January 30, 2018 10:15 PM ET

Insider Sale at Facebook (FB) Continues Selling Trend

A SEC filing today indicated a substantial insider sale of Facebook shares as — David B Fischer, Officer — disposed of 5,587 shares in the company having a market value of approximately $1,048,456. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 2,830,146 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,835,733 shares and have averaged 405,105 shares per transaction over this time period.

Insider buy/sell trading at Facebook is higher than the 11 peer company average over the last 90-day period. The Social Media & Networking peer group saw 38 buy/sell trades during this period for an average of 3.5 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 84,469 shares purchased and 7,814,896 shares sold with company insiders disposing of 203,432 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.

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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