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Insider Trends: Insider Disposition Eases Back 90-Day Buy Trend at Landstar System

· 02/05/2021 11:24

04:22 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, VP, CSO, COO, Joseph J Beacom, executed a sale of 5,000 shares in Landstar System (LSTR) for $721,171. Beacom, following the transactions delineated in the Form 4 SEC filing, has 38,697 shares of the company, with a market value, based on the prior-day closing price, of $5.68 million.

In the 90 days prior to the date of this filing, there have been 10 insider transactions reported to the SEC for Landstar System. These transactions came from the activities of 5 individual insiders that resulted in a net acquisition of 9,766 company shares. This compares with the preceding 90-day window of time where there were 5 transactions from 4 insiders which resulted in the net disposition of 43,950 shares.

This level of insider transactions is below that of the peer group average in the 16-company Freight Trucking peer group over the last 90-day period. Peer group activity averaged 106.2 transactions per company, and disposition of 5,300 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/853816/000112760221004171/xslF345X03/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.