Significant Insider Selling Reported in Shares of Glaukos (GKOS)
10:20 PM EDT, 05/10/2021 (MT Newswires) -- A filing with the SEC today disclosed a notable insider sale of Glaukos shares as -- Joseph E Gilliam, Officer -- disposed of 15,549 shares in the company having a market value of approximately $1,282,754. This is the first insider buy/sell trade in the past 90 days.
Glaukos level of buy-sell trading activity is close to the 20 member peer company average. The Medical Devices & Implants peer group saw 16 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares per buy/sell trade transacted by Glaukos insiders is higher. Within the peer group there were 7,980 shares purchased and 75,685 shares sold with company insiders selling 4,232 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.
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.