Insider Sale at Steris (STE) Continues Selling Trend

Wednesday, March 07, 2018 10:15 PM ET

Insider Sale at Steris (STE) Continues Selling Trend

A substantial insider sale of the shares of Steris was indicated in a form 4 document filed with the SEC today, showing — Richard Martin Steeves, Director — disposed of 58,953 shares in the company having a market value of approximately $5,364,723. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 60,953 shares and have averaged 30,477 shares per transaction over this time period.

The number of insider buy/sell trades at Steris is above that of the 83 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 93 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Steris insiders is lower than its peers. Within the peer group there were 4,262,957 shares purchased and 8,425,357 shares sold with company insiders disposing of 44,757 shares on average over this time period.

Insider buying and selling activity that is significant 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 creating 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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