Monday, March 05, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Hain Celestial Group (HAIN) Shares Breaks neutral Trend of Last 90 Days
Significant insider buying activity was revealed in Hain Celestial Group shares in a form 4 document filed with the SEC today, showing — Glenn W. Welling, 10% Owner and Director — purchased 1,407,543 shares in the company having a net market value of approximately $49,023,456. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at Hain Celestial Group is greater than the 5 peer company average over the last 90-day period. The Food Ingredients peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Hain Celestial Group insiders was also higher. Within the peer group there were 0 shares purchased and 3,603 shares sold with company insiders selling 1,802 shares on average.
Insider buying and selling activity that is significant 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 creating and writing this story.
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