Friday, February 23, 2018 10:15 PM ET
Mohawk Industries (MHK) sees Significant Insider Selling Continuing
An insider — Bernard Thiers, Officer — sold 17,383 shares of Mohawk Industries having a market value of approximately $4,345,774 today, as indicated 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. These trades have resulted in the acquisition of 500 company shares and the disposition of 8,707 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,590 shares and have averaged 8,863 shares per transaction over this time period.
Mohawk Industries insider trading represents a higher number of buy/sell trades than for the 3 peer company average over the last 90-day period. The Carpets & Curtains peer group saw 2 buy/sell trades during this period for an average of 0.7 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 8,707 shares sold with company insiders having sold 4,104 shares on average.
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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