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Insider Trends: Interactive Brokers Group Insider Continues 90-Day Selling Trend

05/07/2021 12:08

04:02 PM EDT, 05/07/2021 (MT Newswires) -- Thomas Peterffy, Director and Chairman, sold 40,000 shares of Interactive Brokers Group (IBKR) on May 05, 2021, for $2,776,904. Subsequent to the Form 4 filing with the SEC, Peterffy has 7,787,511 shares of the company, which have a market value of $542 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 53 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 2,013,635 company shares by insiders. In the preceding 90-day window of time, there were 95 transactions from 8 insiders which resulted in the net disposition of 1,883,220 shares.

This is a lower level of transactions than the peer group average in the 14-company Financial & Commodity Market Operators & Service Providers (NEC) peer group over the last 90-day period. Within the peer group activity averaged 172.3 transactions per company, and disposition of 271,856 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1381197/000156761921009299/xslF345X03/doc1.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.