Wednesday, February 28, 2018 10:15 PM ET
Insider Selling in Molina Healthcare (MOH) Shares Continues
A SEC filing today revealed a significant insider sale of Molina Healthcare shares as — John C Molina, Director — sold 20,480 shares in the company having a market value of approximately $1,500,858. There have been 7 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 1,006,588 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,027,068 shares and have averaged 128,384 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Molina Healthcare is greater than the 11-company peer group average. Managed Healthcare peer group saw 33 buy/sell trades during this period for an average of 3.0 transactions per company. The number of shares per buy/sell trade for Molina Healthcare insiders was also higher. Within the peer group there were 0 shares purchased and 1,132,029 shares sold with company insiders having sold 34,304 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 used to evaluate 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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