SPY424.48-0.78 -0.18%
DIA343.41-0.89 -0.26%
IXIC14,072.86-101.29 -0.71%

Insider Trends: Materion Insider Reports Option Conversion Extending 90-Day Buying Trend

05/10/2021 04:59

08:54 AM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Patrick M Prevost, Director, exercised options for 2,012 shares in Materion (MTRN) for $154,381. Following the Form 4 filing with the SEC, Prevost has indirect ownership of 6,974 shares of company stock, which has a market value of $528,420 as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 14 insider transactions reported to the SEC for Materion. These transactions came from the activities of 7 different insiders that resulted in a net acquisition of 7,439 company shares. In the preceding 90-day window of time, there were 13 transactions from 7 insiders and resulted in the net acquisition of 25,931 shares.

This level of insider transactions is below that of the peer group average in the 10-company Nonferrous Metal Processing peer group over the last 90-day period. Peer group activity averaged 83.8 transactions per company, and disposition of 1,639,231 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1104657/000110465721000048/xslF345X03/wf-form4_162065108807942.xml

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.