Thursday, February 22, 2018 10:15 PM ET
iRythm Technologies (IRTC) sees Significant Insider Selling Continuing
One insider — Vijay K Lathi, Director — today, sold 169,000 shares of iRythm Technologies having a market value of approximately $10,547,250, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 151,193 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 320,193 shares and have averaged 106,731 shares per transaction over this time period.
The number of insider buy/sell trades at iRythm Technologies is above the 1 peer company average over the last 90-day period. The Medical Monitoring Systems peer group saw 2 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for iRythm Technologies insiders was also higher. Within the peer group there were 0 shares purchased and 151,193 shares sold with company insiders selling 75,597 shares on average.
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 obtained to compose 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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