Wednesday, February 21, 2018 10:15 PM ET
TE Connectivity (TEL) Insider Makes Significant Share Sale
There was a substantial insider sale of TE Connectivity shares today, as indicated in a filing with the SEC as — Steven T Merkt, Officer — sold 10,684 shares in the company having a market value of approximately $1,099,764 This is the first insider buy/sell trade in the past 90 days.
TE Connectivity buy-sell trading activity is close to the 21 member peer company average. The Electrical Components peer group saw 19 buy/sell trades during this period for an average of 0.9 transactions per company. However, trading at TE Connectivity represents a lower number of shares per transaction. Within the peer group there were 10,650 shares purchased and 604,932 shares sold with company insiders selling 31,278 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in 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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