Friday, February 02, 2018 10:15 PM ET
Insider Sale at 3M (MMM) Continues Selling Trend
A SEC filing today indicated a substantial insider sale of 3M shares as — Hak Cheol Shin, Officer — sold 6,799 shares in the company having a market value of approximately $1,683,271. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 18,866 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,665 shares and have averaged 12,833 shares per transaction over this time period.
The number of insider buy/sell trades at 3M is greater than that of the 23 peer company average over the last 90-day period. The Industrial Conglomerates peer group saw 15 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by 3M insiders is lower than its peers. Within the peer group there were 3,645,796 shares purchased and 74,169 shares sold with company insiders having bought 324,693 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all 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 create and write this story.
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