Significant Insider Selling in Shares of Waste Connections

Friday, March 09, 2018 10:15 PM ET

Significant Insider Selling in Shares of Waste Connections

There was a notable sale of shares of Waste Connections by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Ronald J Mittelstaedt, Director and Officer — sold 45,000 shares in the company having a market value of approximately $3,299,220. This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for Waste Connections is close to that of the 17 member peer company average. The Waste Management, Disposal & Recycling Services peer group saw 22 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares per buy/sell trade transacted by Waste Connections insiders is higher. Within the peer group there were 10,000 shares purchased and 199,498 shares sold with company insiders selling 8,614 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to evaluate 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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