Wednesday, February 28, 2018 10:15 PM ET
Insider Selling at Facebook (FB) Continues with Significant Sale
There was a notable insider sale of Facebook shares today, as indicated in a filing with the SEC as — David B Fischer, Officer — sold 17,830 shares in the company having a market value of approximately $3,286,961 There have been 5 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 436,688 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 454,518 shares and have averaged 75,753 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Facebook is greater than its 11-company peer group average. The Social Media & Networking peer group saw 22 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares traded per transaction by Facebook insiders is lower than its peers. Within the peer group there were 20,000 shares purchased and 3,262,471 shares sold with company insiders selling 147,385 shares on average over this time period.
The data sourced in composing 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.
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