Significant Insider Selling Continues at FedEx (FDX)
10:20 PM EDT, 05/07/2021 (MT Newswires) -- There was a significant sale of shares of FedEx by an insider today, as disclosed in a form 4 document filed with the SEC. One insider -- John L Merino, Officer -- sold 10,000 shares in the company having a market value of approximately $3,002,735. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 11,101 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 21,101 shares and have averaged 7,034 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at FedEx is higher than the 7-company peer group average. Courier, Postal, Air Freight & Land-based Logistics (NEC) peer group saw 8 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for FedEx insiders was also higher. Within the peer group there were 625 shares purchased and 38,260 shares sold with company insiders having sold 4,704 shares on average.
The data obtained in evaluating and writing in this story eliminates 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.
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.