Thursday, February 22, 2018 10:15 PM ET
Significant Insider Selling Continues at TripAdvisor (TRIP)
There was a significant sale of shares of TripAdvisor by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Dermot Halpin, Officer — sold 26,313 shares in the company having a market value of approximately $1,118,039. 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 9,803 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 36,116 shares and have averaged 12,039 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at TripAdvisor is above its 10-company peer group average. The Travel Agents peer group saw 7 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by TripAdvisor insiders is lower than its peers. Within the peer group there were 30,686 shares purchased and 64,366 shares sold with company insiders disposing of 4,811 shares on average over this time period.
The data used 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.
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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