Friday, February 02, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Shake Shack (SHAK)
One Shake Shack insider Daniel Harris Meyer, 10% Owner and Director, today, sold 100,000 shares having a market value of approximately $4,290,145, as disclosed in a form 4 document filed with the SEC. There have been 4 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 1,519,204 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,619,204 shares and have averaged 323,841 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Shake Shack is higher than the 36-company peer group average. Restaurants & Bars peer group saw 43 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 466,320 shares purchased and 5,659,754 shares sold with company insiders selling 120,778 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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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