Significant Insider Sales Reported in Shares of Charles River Labs (CRL) Extending the Trend of Last Quarter

Wednesday, February 28, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Charles River Labs (CRL) Extending the Trend of Last Quarter

There was substantial level of selling of Charles River Labs shares today, as disclosed in filings with the SEC. Two insiders — James C Foster, Director and Officer, and David Ross Smith, Officer — sold 9,338 shares in the company having a market value of approximately $1,005,936. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 25,167 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 34,505 shares and have averaged 5,751 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Charles River Labs is greater than its 191-company peer group average. The Biotechnology & Medical Research peer group saw 175 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Charles River Labs insiders is lower than its peers. Within the peer group there were 11,411,528 shares purchased and 12,919,099 shares sold with company insiders having sold 8,615 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating 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 in data used in creating and writing this story.

Today’s Insider Activity
* James C Foster, Director and Officer, sold 8,801 shares
* David Ross Smith, Officer, sold 537 shares

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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