Insider Selling in Thermo Fisher Scientific (TMO) Shares Continues

Thursday, February 08, 2018 10:15 PM ET

Insider Selling in Thermo Fisher Scientific (TMO) Shares Continues

An insider sold 5,000 shares of Thermo Fisher Scientific having a market value of approximately $1,046,300 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 6,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 11,000 shares and have averaged 5,500 shares per transaction over this time period.

The number of insider buy/sell trades at Thermo Fisher Scientific is greater than that of the 93 peer company average over the last 90-day period. The Advanced Medical Equipment & Technology peer group saw 119 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Thermo Fisher Scientific insiders is lower than its peers. Within the peer group there were 14,090,491 shares purchased and 3,487,517 shares sold with company insiders purchasing 149,338 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 used to evaluate 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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