Insider Sale at Mastercard (MA) Continues Selling Trend
10:19 PM EST, 02/04/2021 (MT Newswires) -- A significant insider sale of the shares of Mastercard was indicated in a form 4 document filed with the SEC today, showing -- Mastercard Foundation, 10% Owner -- disposed of 171,594 shares in the company having a market value of approximately $56,236,953. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 665,292 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 836,886 shares and have averaged 418,443 shares per transaction over this time period.
Mastercard level of buy-sell trading activity is close to the 12 member peer company average. The Internet Security & Transactions Services peer group saw 29 buy/sell trades during this period for an average of 2.4 transactions per company. However, the number of shares per buy/sell trade transacted by Mastercard insiders is higher. Within the peer group there were 0 shares purchased and 1,180,742 shares sold with company insiders selling 40,715 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 creating and writing this story.
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