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Insider Trends: 90-Day Insider Selling Trend Prolonged at Colgate Palmolive

05/07/2021 13:30

05:15 PM EDT, 05/07/2021 (MT Newswires) -- Stephen I Sadove, Director, sold 8,000 shares of Colgate Palmolive (CL) on May 05, 2021, for $650,390. Subsequent to the Form 4 filing with the SEC, Sadove has control over a total of 29,068 shares of the company, with 11,324 shares held directly and 17,744 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $2.39 million.

Over the last 90 days, previous to the date of this filing, there have been 22 insider transactions reported to the SEC for Colgate Palmolive. These transactions came from the activities of 12 individual insiders that resulted in a net disposition of 8,369 company shares. This compares with the preceding 90-day window of time where there were 20 transactions from 10 insiders and resulted in the net acquisition of 39,337 shares.

This is less than the average level of insider transactions in the 19-company Personal Products peer group over the last 90-day period. Within the peer group activity averaged 171.1 transactions per company, and disposition of 106,231 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/21665/000122520821007754/xslF345X03/doc4.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.