SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Insider Trends: 90-Day Insider Selling Trend Prolonged at WSFS Financial

05/07/2021 09:52

01:48 PM EDT, 05/07/2021 (MT Newswires) -- Richard Wright, EVP, sold 4,072 shares of WSFS Financial (WSFS) on May 07, 2021, for $213,560. Subsequent to the Form 4 filing with the SEC, Wright controls a total of 53,614 shares of the company, with 46,541 shares held directly and 7,073 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $2.81 million.

Over the last 90 days, previous to the date of this filing, there have been 28 insider transactions reported to the SEC for WSFS Financial. These transactions came from the activities of 12 different insiders that resulted in a net disposition of 32,899 company shares. Relative to the preceding 90-day window of time, there were 16 transactions from 10 insiders that resulted in the net acquisition of 38,095 shares.

This level of insider transactions is below that of the peer group average in the 34-company Retail & Mortgage Banks peer group over the last 90-day period. Peer group activity averaged 95.2 transactions per company, with company insiders acquiring on average 71,440 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/828944/000156218021003317/xslF345X03/primarydocument.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.