Significant Insider Sales Reported in Shares of Illumina (ILMN) Extending the Trend of Last Quarter
10:19 PM EST, 02/04/2021 (MT Newswires) -- SEC filings today revealed substantial insider sales of Illumina shares as four insiders -- McGinnis, Flatley, deSouza, and Hoyt -- disposed of 7,129 shares in the company having a market value of approximately $3,156,075. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 40,166 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 47,295 shares and have averaged 3,638 shares per transaction over this time period.
Today's Insider Activity
The number of insider buy/sell trades at Illumina is higher than that of the 100 peer company average over the last 90-day period. The Advanced Medical Equipment & Technology peer group saw 147 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Illumina insiders is lower than its peers. Within the peer group there were 599,893 shares purchased and 5,192,931 shares sold with company insiders disposing of 31,245 shares on average over this time period.
In determining significant insider buying and selling, 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 used to compose and write this story.
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