Tuesday, February 06, 2018 10:15 PM ET
Insider Sale at Atkore International Group (ATKR) Deemed Significant
A substantial insider sale of the shares of Atkore International Group was indicated in a form 4 document filed with the SEC today, showing — CD&R Allied Holdings Lp, 10% Owner — disposed of 17,225,539 shares in the company having a market value of approximately $374,999,984. This is the first insider buy/sell trade in the past 90 days.
During the last 90 days, the number of insider buy/sell trades at Atkore International Group is higher than the 40-company peer group average. Electrical Components & Equipment peer group saw 15 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Atkore International Group insiders was also higher. Within the peer group there were 663,753 shares purchased and 55,658 shares sold with company insiders purchasing 67,566 shares on average.
The data sourced in evaluating and writing in this story eliminates 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.
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