Monday, February 05, 2018 10:15 PM ET
Norfolk Southern (NSC) sees Significant Insider Sales
In SEC filings today Norfolk Southern reported two insiders — James A Squires, Director and Officer, and Thomas E Hurlbut, Officer — sold 10,467 shares in the company having a market value of approximately $1,571,143. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 5,234 shares per transaction.
The number of insider buy/sell trades at Norfolk Southern is higher than that of the 22 peer company average over the last 90-day period. The Ground Freight & Logistics peer group saw 25 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Norfolk Southern insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,547,033 shares sold with company insiders disposing of 61,881 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 obtained to evaluate and write this story.
Today’s Insider Activity
* James A Squires, Director and Officer, sold 10,000 shares
* Thomas E Hurlbut, Officer, sold 467 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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