Blackstone Group (BX) Insider Makes Significant Share Sale
10:20 PM EDT, 05/10/2021 (MT Newswires) -- An insider sold 875,000 shares of Blackstone Group having a market value of approximately $77,961,942 today, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 33,404 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 908,404 shares and have averaged 454,202 shares per transaction over this time period.
Insider buy/sell trading at Blackstone Group is above the 33 peer company average over the last 90-day period. The Investment Management peer group saw 26 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Blackstone Group insiders was also higher. Within the peer group there were 124,000 shares purchased and 3,782,934 shares sold with company insiders selling 140,728 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write 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.