Insiders Make Significant Stock Sales in Meritage Homes (MTH) Shares Extending the Trend of Last Quarter
10:20 PM EDT, 05/10/2021 (MT Newswires) -- SEC filings today reported significant insider sales of Meritage Homes shares as two insiders -- Raymond Oppel, Director, and Gerald W Haddock, Director -- sold 10,500 shares in the company having a market value of approximately $1,163,425. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 33,447 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 43,947 shares and have averaged 5,493 shares per transaction over this time period.
Today's Insider Activity
The number of insider buy/sell trades at Meritage Homes is greater than that of the 10 peer company average over the last 90-day period. The Residential Builders - Single Homes peer group saw 18 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Meritage Homes insiders is lower than its peers. Within the peer group there were 0 shares purchased and 197,239 shares sold with company insiders selling 10,958 shares on average over this time period.
The data used in creating 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.