Significant Insider Selling Continues at Cedar Fair LP (FUN)

Wednesday, February 28, 2018 10:15 PM ET

Significant Insider Selling Continues at Cedar Fair LP (FUN)

There was a substantial insider sale of Cedar Fair LP shares today, as revealed in a filing with the SEC as — Matthew A Ouimet, Director and Officer — sold 15,709 shares in the company having a market value of approximately $1,067,904 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 23,709 shares and have averaged 11,855 shares per transaction over this time period.

The number of insider buy/sell trades at Cedar Fair LP is less than that of the 3 peer company average over the last 90-day period. The Amusement Parks and Zoos peer group saw 10 buy/sell trades during this period for an average of 3.3 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 248,904 shares sold with company insiders having sold 24,890 shares on average over this time period.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data used 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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