Friday, February 02, 2018 10:15 PM ET
Significant Insider Selling in Shares of MG Chemicals (KMG) Continues
One MG Chemicals insider — David L Hatcher, 10% Owner — today, sold 30,000 shares having a market value of approximately $1,775,100, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 477,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 507,000 shares and have averaged 253,500 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at MG Chemicals is above the 32-company peer group average. Specialty Chemicals peer group saw 42 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for MG Chemicals insiders was also higher. Within the peer group there were 7,331,401 shares purchased and 572,336 shares sold with company insiders purchasing 375,504 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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