Insider at Scientific Games (SGMS) Makes Significant Sale of Stock

Wednesday, March 07, 2018 10:15 PM ET

Insider at Scientific Games (SGMS) Makes Significant Sale of Stock

One Scientific Games insider — Peter A Cohen, Director — today, sold 30,065 shares having a market value of approximately $1,229,850, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 21,971 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 52,036 shares and have averaged 26,018 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Scientific Games is higher than the 3-company peer group average. Gambling & Gaming Machine Manufacturers peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Scientific Games insiders was also higher. Within the peer group there were 0 shares purchased and 21,971 shares sold with company insiders selling 21,971 shares on average.

For the purpose of evaluating significant insider buying and selling all 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 create 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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