Insiders Make Significant Stock Sales in Vertex Pharmaceuticals (VRTX) Shares Extending the Trend of Last Quarter

Wednesday, February 14, 2018 10:15 PM ET

Insiders Make Significant Stock Sales in Vertex Pharmaceuticals (VRTX) Shares Extending the Trend of Last Quarter

Seven insiders listed below, disposed of 76,399 shares of Vertex Pharmaceuticals having a market value of approximately $11,579,055, today, as disclosed in form 4 documents filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 186,117 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 262,516 shares and have averaged 17,501 shares per transaction over this time period.

The number of insider buy/sell trades at Vertex Pharmaceuticals is greater than that of the 281 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 323 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Vertex Pharmaceuticals insiders is lower than its peers. Within the peer group there were 26,364,382 shares purchased and 34,762,724 shares sold with company insiders selling 26,001 shares on average over this time period.

The data obtained 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.

Today’s Insider Activity
* Dr Jeffrey M Leiden, Director and Officer, sold 23,905 shares
* Amit Sachdev, Officer, sold 17,796 shares
* Paul M Silva, Officer, sold 4,213 shares
* Dr David Altshuler, Officer, sold 6,403 shares
* Stuart A Arbuckle, Officer, sold 6,824 shares
* Dr Jeffrey Chodakewitz, Officer, sold 5,122 shares
* Michael Parini, Officer, sold 12,136 shares

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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