Cathay General Bancorp (CATY) Insider Makes Significant Share Sale

Tuesday, February 06, 2018 10:15 PM ET

Cathay General Bancorp (CATY) Insider Makes Significant Share Sale

One Cathay General Bancorp insider Peter Wu, Director and Officer, today, disposed of 33,045 shares having a market value of approximately $1,465,876, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 69,859 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 102,904 shares and have averaged 25,726 shares per transaction over this time period.

Insiders at Cathay General Bancorp have a higher number of buy/sell trades than the 29-peer company average over the last 90-day period. The Retail & Mortgage Banks peer group saw 34 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Cathay General Bancorp insiders was also higher. Within the peer group there were 518,740 shares purchased and 285,412 shares sold with company insiders acquiring 8,333 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 create 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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