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LyondellBasell Industries (LYB) sees Significant Insider Selling Continuing

05/07/2021 18:35

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.

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.