Symantec (SYMC) sees Significant Insider Selling

Tuesday, March 06, 2018 10:15 PM ET

Symantec (SYMC) sees Significant Insider Selling

One Symantec insider — Francis C Rosch, Officer — today, sold 103,798 shares having a market value of approximately $2,759,563, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

The number of insider buy/sell trades at Symantec is lower than the 33 peer company average over the last 90-day period. The Application Software peer group saw 84 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares per buy/sell trade for Symantec is higher. Within the peer group there were 1,125 shares purchased and 1,839,737 shares sold with company insiders selling 21,888 shares on average.

The data sourced 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.

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.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

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