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Oppenheimer Holdings (OPY) Insiders Make Significant Share Sales

05/07/2021 18:32

10:19 PM EDT, 05/07/2021 (MT Newswires) -- Oppenheimer Holdings, today, saw two insiders -- Dennis P McNamara, Officer, and Jeffrey J Alfano, Officer -- dispose 55,395 shares having a market value of approximately $2,747,022, as reported in form 4 documents filed with the SEC. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 27,698 shares per transaction.

Today's Insider Activity

This level of buy-sell trading activity is near the 17 member peer company average. The average level of shares per transaction for Oppenheimer Holdings insider buy-sell trading is close to that of the company's peer group. Within the Corporate Financial Services peer group there were 655,570 shares purchased and 200,968 shares sold resulting in an average of 28,551 shares traded and netting out with company insiders having bought 50,511 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated from data used to evaluate and write this story.

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.