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Insider Trends: Hersha Hospitality Trust Insider Continues 90-Day Selling Trend

05/07/2021 15:09

06:56 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Director, Michael A Leven, executed a sale of 7,000 shares in Hersha Hospitality Trust (HT) for $165,115. Leven, after the transactions defined in the SEC Form 4 filing, indirectly controls 3,000 company shares, with a market value, based on the prior-day closing price, of $33,480.

During the most recent 90-day period, prior to the date of this filing, there have been 2 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 20,000 company shares by insiders. Relative to the preceding 90-day window of time, there were 8 transactions from 7 insiders that resulted in the net disposition of 63,648 shares.

This is a lower level of transactions than the peer group average in the 26-company Hospitality REITs peer group over the last 90-day period. Peer group activity averaged 90.3 transactions per company, with company insiders acquiring on average 114,969 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1063344/000106334421000055/xslF345X03/wf-form4_162042807121078.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.