Silgan Holdings (SLGN) sees Significant Insider Selling Continuing

Friday, February 23, 2018 10:15 PM ET

Silgan Holdings (SLGN) sees Significant Insider Selling Continuing

A filing with the SEC today disclosed a notable insider sale of Silgan Holdings shares as — D Greg Horrigan, 10% Owner and Director — disposed of 74,945 shares in the company having a market value of approximately $2,144,176. 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 disposition of 450,697 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 525,642 shares and have averaged 175,214 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Silgan Holdings is greater than the 15-company peer group average. Non-Paper Containers & Packaging peer group saw 12 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Silgan Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 493,453 shares sold with company insiders selling 41,121 shares on average.

In determining significant insider buying and selling, 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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