Insiders Make Significant Stock Sales in Commerce Bancshares (CBSH) Shares Extending the Trend of Last Quarter

Wednesday, January 31, 2018 10:15 PM ET

Insiders Make Significant Stock Sales in Commerce Bancshares (CBSH) Shares Extending the Trend of Last Quarter

A significant level of insider sales in Commerce Bancshares was revealed in form 4 documents filed with the SEC today. Four insiders — Foster, Petrie, Kim, and Callahan — sold 21,939 shares in the company having a market value of approximately $1,288,249. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 55,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 76,939 shares and have averaged 15,388 shares per transaction over this time period.

The number of insider buy/sell trades at Commerce Bancshares is greater than that of the 346 peer company average over the last 90-day period. The Banks peer group saw 354 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Commerce Bancshares insiders is lower than its peers. Within the peer group there were 173,186 shares purchased and 13,884,699 shares sold with company insiders selling 38,733 shares on average over this time period.

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 creating and writing this story.

Today’s Insider Activity
* Sara E Foster, Officer, sold 4,934 shares
* Michael J Petrie, Officer, sold 2,620 shares
* Charles G Kim, Officer, sold 10,008 shares
* Daniel D Callahan, Officer, sold 4,377 shares

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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