Monday, February 12, 2018 10:15 PM ET
MG Chemicals (KMG) sees Significant Insider Selling Continuing
One insider — David L Hatcher, 10% Owner — today, sold 45,000 shares of MG Chemicals having a market value of approximately $2,598,300, as disclosed 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 537,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 582,000 shares and have averaged 291,000 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at MG Chemicals is above the 32-company peer group average. Specialty Chemicals peer group saw 38 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for MG Chemicals insiders was also higher. Within the peer group there were 7,331,751 shares purchased and 576,820 shares sold with company insiders having bought 482,495 shares on average.
The data obtained in composing 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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