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Insider Trends: Avnet Insider Continues 90-Day Selling Trend

05/10/2021 14:03

06:03 PM EDT, 05/10/2021 (MT Newswires) -- On May 07, 2021, CIO, Leng-Jin Chan, executed a sale of 10,000 shares in Avnet (AVT) for $442,915. After the Form 4 filing with the SEC, Chan owns 22,654 shares of company stock, which have a market value of $1.01 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 5 insider transactions reported to the SEC for Avnet. These transactions came from the activities of 2 different insiders that resulted in a net disposition of 4,535 company shares. In the preceding 90-day window of time, there were 25 transactions from 17 insiders and resulted in the net acquisition of 131,055 shares.

This represents a lower level of transactions than the peer group average in the 15-company Electronic Equipment & Parts peer group over the last 90-day period. Within the peer group activity averaged 99.7 transactions per company, and disposition of 13,024 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/8858/000112760221016119/xslF345X03/form4.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.