Significant Insider Selling Reported in Shares of TRxADE Group (TRXD)

Monday, February 12, 2018 10:15 PM ET

Significant Insider Selling Reported in Shares of TRxADE Group (TRXD)

A filing with the SEC today indicated a notable insider sale of TRxADE Group shares as — Surendra K Ajjarapu, 10% Owner, Director and Officer — disposed of 250,000 shares in the company having a market value of approximately $28,125,000,000. This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for TRxADE Group is close to that of the 22 member peer company average. The E-commerce & Auction Services peer group saw 15 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by TRxADE Group insiders is higher. Within the peer group there were 10,000 shares purchased and 72,656 shares sold with company insiders having sold 4,177 shares on average.

In order to focus on 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 data sourced 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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