LyondellBasell Industries (LYB) sees Significant Insider Selling Continuing
10:20 PM EDT, 05/07/2021 (MT Newswires) -- An insider disposed of 927,000 shares of LyondellBasell Industries having a market value of approximately $100,214,881 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,545,120 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,472,120 shares and have averaged 2,236,060 shares per transaction over this time period.
Insiders at LyondellBasell Industries have a level of buy/sell trades that is above the 38-peer company average over the last 90-day period. The Commodity Chemicals peer group saw 30 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for LyondellBasell Industries insiders was also higher. Within the peer group there were 167,773 shares purchased and 18,001,286 shares sold with company insiders selling 594,450 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 obtained to create and write this story.
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