Wednesday, January 31, 2018 10:15 PM ET
Insider at MagnaChip Semiconductor (MX) Makes Significant Sale of Stock
An insider — Brigade Leveraged Capital Structures Fund Ltd., 10% Owner — disposed of 149,000 shares of MagnaChip Semiconductor having a market value of approximately $1,925,825 today, as disclosed in a form 4 document filed with the SEC. 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 disposition of 174,294 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 323,294 shares and have averaged 107,765 shares per transaction over this time period.
MagnaChip Semiconductor insider trading represents a higher number of buy/sell transactions than for the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 166 buy/sell trades during this period for an average of 2.2 transactions per company. The number of shares per buy/sell trade for MagnaChip Semiconductor insiders was also higher. Within the peer group there were 15,273 shares purchased and 1,745,795 shares sold with company insiders selling 10,425 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.
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