Monday, March 05, 2018 10:15 PM ET
Insider at Achaogen (AKAO) Makes Significant purchase of Stock Extends the Trend of Last Quarter
An insider — Robert W Duggan, 10% Owner — bought 527,396 shares of Achaogen having a market value of approximately $5,438,895 today, as disclosed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 170,012 company shares and the sale of 8,636 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 688,772 shares and have averaged 117,674 shares per transaction over this time period.
The number of insider buy/sell trades at Achaogen is greater than that of the 285 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 324 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Achaogen insiders is lower than its peers. Within the peer group there were 27,547,215 shares purchased and 14,419,372 shares sold with company insiders purchasing 63,727 shares on average over this time period.
To bring into focus 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 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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