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First Horizon National (FHN) sees Significant Insider Selling

05/07/2021 18:26

10:19 PM EDT, 05/07/2021 (MT Newswires) -- A substantial insider sale of the shares of First Horizon National was revealed in a form 4 document filed with the SEC today, showing -- R Eugene Taylor, Director -- sold 300,000 shares in the company having a market value of approximately $5,629,800. This is the first insider buy/sell trade in the past 90 days.

The level of buy-sell trading at First Horizon National is near the 394 member peer company average. The Banks peer group saw 575 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade transacted by First Horizon National insiders is higher. Within the peer group there were 454,113 shares purchased and 4,479,198 shares sold with company insiders selling 7,000 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced 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.