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Insiders Make Significant Stock Sales in Elevate Credit (ELVT) Shares Extending the Trend of Last Quarter

05/10/2021 18:23

10:20 PM EDT, 05/10/2021 (MT Newswires) -- In SEC filings today Elevate Credit reported two insiders -- Tyler W K Head, Director, and Linda Stinson, 10% Owner -- sold 397,632 shares in the company having a market value of approximately $1,418,094. There have been 5 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 3,959,094 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 4,356,726 shares and have averaged 622,389 shares per transaction over this time period.

Today's Insider Activity

Elevate Credit insider trading represents a higher number of buy/sell trades than for the 24 peer company average over the last 90-day period. The Consumer Lending peer group saw 61 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for Elevate Credit insiders was also higher. Within the peer group there were 8,000 shares purchased and 4,246,297 shares sold with company insiders selling 69,480 shares on average.

The data sourced 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.