Insider Trends: Insider at Six Flags Entertainment Sells Shares for Tax Slowing 90-Day Buy Trend
05:16 PM EDT, 05/10/2021 (MT Newswires) -- Laura W Doerre, EVP, General Counsel, CAO, made a sale of 3,416 shares of Six Flags Entertainment (SIX) on May 06, 2021, for approximately $152,114 to satisfy tax obligations. Following the Form 4 filing with the SEC, Doerre has 78,206 company shares, which have a market value of $3.48 million as of the prior-day closing price.
During the most recent 90-day period, prior to the date of this filing, there have been 13 insider transactions reported to the SEC for Six Flags Entertainment. These transactions came from the activities of 11 individual insiders that resulted in a net acquisition of 9,802 company shares. In the preceding 90-day window of time, there were 9 transactions from 7 insiders which resulted in the net acquisition of 7,044 shares.
This is lower than the average level of insider transactions in the 4-company Amusement Parks and Zoos peer group over the last 90-day period. Within the peer group activity averaged 176.5 transactions per company, and disposition of 3,300,744 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/701374/000117911021005089/xslF345X03/edgar.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.