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Insider Trends: 90-Day Insider Buying Trend Reduced with Disposition of Tennant Shares

05/11/2021 09:50

01:45 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Chief Commercial Officer, Richard H Zay, executed a sale of 3,782 shares in Tennant (TNC) for $321,138. After the Form 4 filing with the SEC, Zay owns 11,818 shares of company stock, which have a market value of $994,485 as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 21 insider transactions reported to the SEC for Tennant. These transactions came from the activities of 9 individual insiders that resulted in a net acquisition of 28,865 company shares. In the preceding 90-day window of time, there were 17 transactions from 4 insiders and resulted in the net disposition of 18,984 shares.

This is lower than the average level of insider transactions in the 25-company Industrial Machinery peer group over the last 90-day period. Within the peer group activity averaged 118.3 transactions per company, with company insiders acquiring on average 68,811 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/97134/000117911021005134/xslF345X03/edgar.xml

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.