Insider at Magellan Midstream Partners (MMP) Makes Significant Sale of Stock

Wednesday, February 14, 2018 10:15 PM ET

Insider at Magellan Midstream Partners (MMP) Makes Significant Sale of Stock

An insider sold 22,251 shares of Magellan Midstream Partners having a market value of approximately $1,513,823 today, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

This number of buy-sell trades at Magellan Midstream Partners is near average for the 51 member peer company. The Oil & Gas Transportation Services peer group saw 53 buy/sell trades during this period for an average of 1.0 transactions per company. However, trading at Magellan Midstream Partners represents a lower number of shares per transaction. Within the peer group there were 14,344,136 shares purchased and 515,471 shares sold with company insiders purchasing 432,146 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing 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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