SPY420.86+5.94 1.43%
DIA338.78+5.82 1.75%
IXIC14,141.48+111.10 0.79%

Continued Level of Significant Insider Selling at UFP Industries (UFPI)

05/10/2021 18:21

10:20 PM EDT, 05/10/2021 (MT Newswires) -- A significant insider sale of the shares of UFP Industries was revealed in a form 4 document filed with the SEC today, showing -- Matthew J Missad, Director and Officer -- sold 15,000 shares in the company having a market value of approximately $1,305,600. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 114,261 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 129,261 shares and have averaged 18,466 shares per transaction over this time period.

Insiders at UFP Industries have a level of buy/sell trades that is above the 6-peer company average over the last 90-day period. The Wood Products peer group saw 8 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for UFP Industries insiders was also higher. Within the peer group there were 0 shares purchased and 119,261 shares sold with company insiders having sold 14,908 shares on average.

The data used in evaluating and writing in this story eliminates 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.

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.