Monday, March 05, 2018 10:15 PM ET
Insider Sale at Raytheon Co (RTN) Continues Selling Trend
A SEC filing today disclosed a substantial insider sale of Raytheon Co shares as — Anthony F O’Brien, Officer — disposed of 10,503 shares in the company having a market value of approximately $2,249,469. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 7,004 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 17,507 shares and have averaged 3,501 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Raytheon Co is greater than its 44-company peer group average. The Aerospace & Defense peer group saw 48 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Raytheon Co insiders is lower than its peers. Within the peer group there were 61,424 shares purchased and 174,748 shares sold with company insiders having sold 2,361 shares on average over this time period.
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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