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Insiders Make Significant Stock Sales in Applied Industrial Technologies (AIT) Shares

05/07/2021 18:29

10:19 PM EDT, 05/07/2021 (MT Newswires) -- SEC filings today reported significant insider sales of Applied Industrial Technologies shares as two insiders -- Fred D Bauer, Officer, and Christopher Macey, Officer -- disposed of 12,300 shares in the company having a market value of approximately $1,244,335. 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 6,150 shares per transaction.

Today's Insider Activity

Relative to its peers over the last 90 days, insider buy/sell trading at Applied Industrial Technologies is above the 9-company peer group average. Industrial Machinery & Equipment Wholesale peer group saw 7 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Applied Industrial Technologies insiders was also higher. Within the peer group there were 8,486 shares purchased and 5,413 shares sold with company insiders having bought 615 shares on average.

The data used 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.