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Insider Trends: Insider Disposition Eases Back 90-Day Buy Trend at MSC Industrial Direct

· 02/05/2021 05:03

09:50 AM EST, 02/05/2021 (MT Newswires) -- Charles Bonomo, Senior VP and CIO, reported a sale of 4,298 shares in MSC Industrial Direct (MSM) on Feb 04, 2021, for $361,060. Following the Form 4 filing with the SEC, Bonomo has control over 3,239 shares of company stock of which 2,643 shares are held directly and 596 are controlled indirectly. These holdings have an approximate market value of $273,501 as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 10 insider transactions reported to the SEC for MSC Industrial Direct. These transactions came from the activities of 9 individual insiders that resulted in a net acquisition of 74,281 company shares. This compares with the preceding 90-day window of time where there were 58 transactions from 8 insiders which resulted in the net acquisition of 39,421 shares.

This is less than the average level of insider transactions in the 25-company Industrial Machinery peer group over the last 90-day period. Within the peer group activity averaged 110.1 transactions per company, with company insiders acquiring on average 66,370 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1003078/000100307821000047/xslF345X03/certent-form4.xml

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.