Insider Sale at Tessco Technologies (TESS) Continues Selling Trend

Friday, March 09, 2018 10:15 PM ET

Insider Sale at Tessco Technologies (TESS) Continues Selling Trend

There was a significant sale of shares of Tessco Technologies by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Robert B Barnhill Jr, 10% Owner and Director — disposed of 78,137 shares in the company having a market value of approximately $1,649,539. 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 disposition of 83,174 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 161,311 shares and have averaged 53,770 shares per transaction over this time period.

Insiders at Tessco Technologies have a higher number of buy/sell trades than the 76-peer company average over the last 90-day period. The Communications & Networking peer group saw 112 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Tessco Technologies insiders was also higher. Within the peer group there were 40,722 shares purchased and 1,386,389 shares sold with company insiders disposing of 12,015 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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