Significant Insider Selling Continues at Mastec (MTZ)

Friday, February 02, 2018 10:15 PM ET

Significant Insider Selling Continues at Mastec (MTZ)

There was a substantial sale of shares of Mastec by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Robert E Apple, Officer — disposed of 25,000 shares in the company having a market value of approximately $1,376,635. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 25,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 50,000 shares and have averaged 25,000 shares per transaction over this time period.

The number of insider buy/sell trades at Mastec is greater than the 2 peer company average over the last 90-day period. However, the number of shares per average transaction for Mastec insider buy-sell trading is very close to the average of the Power & Communications Network Construction peer group of companies. This peer group saw 0 shares purchased and 25,000 shares sold resulting in an average of 25,000 shares traded and netting out with company insiders selling 25,000 shares on average.

The data used in creating 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.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

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