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