Tuesday, March 06, 2018 10:15 PM ET
Insider Sale Slows Buying Trend of Last Quarter at Huntington Ingalls Industries
One insider — Brian J Cuccias, Officer — today, disposed of 5,716 shares of Huntington Ingalls Industries having a market value of approximately $1,466,781, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 5,800 company shares and the disposition of 2,616 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,532 shares and have averaged 4,711 shares per transaction over this time period.
The level of buy/sell trading at Huntington Ingalls Industries is is higher than the 44 peer company average over the last 90-day period. However, the number of shares per average transaction for Huntington Ingalls Industries insider buy-sell trading is very close to the average of the Aerospace & Defense peer group of companies. This peer group saw 61,424 shares purchased and 227,725 shares sold resulting in an average of 5,456 shares traded and netting out with company insiders having sold 3,138 shares on average.
Significant insider buying and selling activity 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 data sourced in evaluating and writing 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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