Monday, March 05, 2018 10:15 PM ET
Health Insurance Innovations (HIIQ) Insider Makes Significant Share Sale
There was a substantial sale of shares of Health Insurance Innovations by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Sheldon Wang, Director and Officer — sold 50,000 shares in the company having a market value of approximately $1,772,500. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 5,000 company shares and the sale of 95,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 140,000 shares and have averaged 50,000 shares per transaction over this time period.
Health Insurance Innovations insider trading represents a level of buy/sell trades that is below for the 2 peer company average over the last 90-day period. The Health Insurance peer group saw 15 buy/sell trades during this period for an average of 7.5 transactions per company. However, the number of shares per buy/sell trade for Health Insurance Innovations is higher. Within the peer group there were 5,000 shares purchased and 115,500 shares sold with company insiders disposing of 7,367 shares on average.
The data used in evaluating 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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