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Insider Trends: Interactive Brokers Group Insider Extends 90-Day Selling Trend

05/11/2021 12:18

04:09 PM EDT, 05/11/2021 (MT Newswires) -- Thomas Peterffy, Director and Chairman, sold 40,000 shares in Interactive Brokers Group (IBKR) for $2,759,972 on May 07, 2021. Following the Form 4 filing with the SEC, Peterffy has 7,747,511 shares of the company, which have a market value of $526 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 51 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 1,940,688 company shares by insiders. This compares with the preceding 90-day window of time where there were 93 transactions from 8 insiders that resulted in the net disposition of 1,890,724 shares.

This level of insider transactions is below that of the peer group average in the 14-company Financial & Commodity Market Operators & Service Providers (NEC) peer group over the last 90-day period. Peer group activity averaged 172.6 transactions per company, and disposition of 272,079 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1381197/000156761921009562/xslF345X03/doc1.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.