Mohawk Industries (MHK) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days

Tuesday, February 20, 2018 10:15 PM ET

Mohawk Industries (MHK) Insider Makes Significant Share Sale Slowing Buy Trend over Last 90 Days

One Mohawk Industries insider — Chistopher Wellborn, Director and Officer — today, sold 8,707 shares having a market value of approximately $2,194,164, 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 purchase of 500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,207 shares and have averaged 4,604 shares per transaction over this time period.

Insiders at Mohawk Industries have a higher number of buy/sell transactions than the 3-peer company average over the last 90-day period. The Carpets & Curtains peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Mohawk Industries insiders was also higher. Within the peer group there were 500 shares purchased and 0 shares sold with company insiders purchasing 500 shares on average.

To bring into focus 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 in data sourced 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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