Friday, March 09, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Mastec (MTZ)
One Mastec insider Julia L Johnson, Director, today, sold 29,607 shares having a market value of approximately $1,513,180, 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. All of these trades have been sales resulting in the sale of 65,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 94,607 shares and have averaged 31,536 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Mastec is greater than the 2-company peer group average. Power & Communications Network Construction peer group saw 3 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Mastec insiders was also higher. Within the peer group there were 0 shares purchased and 65,000 shares sold with company insiders disposing of 21,667 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 obtained to compose and write this story.
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