Insider Selling in Commerce Bancshares (CBSH) Shares Continues
10:19 PM EST, 02/04/2021 (MT Newswires) -- A filing with the SEC today disclosed a notable insider sale of Commerce Bancshares shares as -- David W Kemper, Director -- sold 28,710 shares in the company having a market value of approximately $1,953,121. 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 10,370 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 39,080 shares and have averaged 13,027 shares per transaction over this time period.
The number of insider buy/sell trades at Commerce Bancshares is greater than that of the 394 peer company average over the last 90-day period. The Banks peer group saw 392 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Commerce Bancshares insiders is lower than its peers. Within the peer group there were 532,855 shares purchased and 28,799,349 shares sold with company insiders having sold 72,108 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates 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.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.