Tuesday, February 06, 2018 10:15 PM ET
Insider Sale at Fabrinet (FN) Continues Selling Trend
There was a notable insider sale of Fabrinet shares today, as disclosed in a filing with the SEC as — David T Mitchell, Director and Officer — disposed of 69,801 shares in the company having a market value of approximately $2,095,356 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 60,199 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 130,000 shares and have averaged 65,000 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Fabrinet is above the 8-company peer group average. Electronic Repair Services peer group saw 10 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Fabrinet insiders was also higher. Within the peer group there were 337,650 shares purchased and 75,642 shares sold with company insiders acquiring 37,430 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used 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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