Tuesday, February 06, 2018 10:15 PM ET
Insider Sale at Chemical Financial (CHFC) Continues Selling Trend
There was a substantial sale of shares of Chemical Financial by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Dennis L Klaeser, Officer — disposed of 53,536 shares in the company having a market value of approximately $3,130,861. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 3,356 company shares and the sale of 13,702 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 63,882 shares and have averaged 17,649 shares per transaction over this time period.
Chemical Financial insider trading represents a level of buy/sell trades that is above for the 189 peer company average over the last 90-day period. The Corporate Banks peer group saw 273 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Chemical Financial insiders was also higher. Within the peer group there were 157,808 shares purchased and 2,784,467 shares sold with company insiders having sold 9,621 shares on average.
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 used to compose and write this story.
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