Insider Trends: Philip Morris International Insider Awarded Stock, Slowing 90-Day Selling Trend
03:54 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Bonin Bough, Director, was awarded 1,839 Philip Morris International (PM) shares having an approximate value of $178,052 based on the daily closing price. Bough, subsequent to the transactions delineated in the SEC Form 4 filing, owns 2,382 shares of the company, which have a market value of $230,625 as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 20 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 95,525 company shares by insiders. This compares with the preceding 90-day window of time where there were 30 transactions from 28 insiders which resulted in the net acquisition of 374,773 shares.
This is lower than the average level of insider transactions in the 9-company Tobacco peer group over the last 90-day period. Within the peer group activity averaged 78.0 transactions per company, and disposition of 150,062 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1413329/000118248921000091/xslF345X03/edgar.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.