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Insider Trends: Marten Transport Insider Makes Tax Sale Interrupting 90-Day Buy Trend

05/10/2021 12:39

04:34 PM EDT, 05/10/2021 (MT Newswires) -- Timothy M Kohl, CEO & President, executed a sale of 11,852 shares of Marten Transport (MRTN) for approximately $209,899 to fulfill tax obligations on May 06, 2021. Kohl, subsequent to the transactions delineated in the SEC Form 4 filing, has 291,002 shares of company stock, with a market value, based on the prior-day closing price, of $5.15 million.

In the 90 days prior to the date of this filing, there have been 28 insider transactions reported to the SEC for Marten Transport. These transactions came from the activities of 10 separate insiders that resulted in a net acquisition of 67,109 company shares. This compares with the preceding 90-day window of time where there were 7 transactions from 5 insiders that resulted in the net acquisition of 20,265 shares.

This is lower than the average level of insider transactions in the 16-company Freight Trucking peer group over the last 90-day period. Peer group activity averaged 121.1 transactions per company, and disposition of 27,611 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/799167/000123580221000045/xslF345X03/primary_doc.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.