Monday, March 05, 2018 10:15 PM ET
Significant Insider buy of Trinity Industries (TRN) Shares Breaks neutral Trend of Last Quarter
There was a substantial insider purchase in Trinity Industries shares today as disclosed in a filing with the SEC. One insider — ValueAct Holdings Lp, 10% Owner — bought 950,000 shares in the company having a net market value of approximately $31,186,500. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at Trinity Industries is higher than the 23-company peer group average. Industrial Conglomerates peer group saw 6 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Trinity Industries insiders was also higher. Within the peer group there were 2,689 shares purchased and 61,624 shares sold with company insiders selling 9,823 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose 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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