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Insider Trends: Ametek Insider Sells Stock for Taxes Interrupting 90-Day Buy Trend

05/11/2021 16:29

08:17 PM EDT, 05/11/2021 (MT Newswires) -- Tony J Ciampitti, Pres. - Electronic Instruments, sold 880 shares of Ametek (AME) for approximately $120,639 to fulfill tax obligations on May 10, 2021. Ciampitti, after the transactions outlined in the SEC Form 4 filing, owns 35,619 shares of the company, with a market value, based on the prior-day closing price, of $4.88 million.

Over the last 90 days, previous to the date of this filing, there have been 50 insider transactions reported to the SEC for Ametek. These transactions came from the activities of 16 separate insiders that resulted in a net acquisition of 69,486 company shares. In the preceding 90-day window of time, there were 42 transactions from 10 insiders and resulted in the net disposition of 9,009 shares.

This is a lower level of transactions than the peer group average in the 49-company Electrical Components & Equipment peer group over the last 90-day period. Peer group activity averaged 92.6 transactions per company, and disposition of 78,240 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1037868/000112760221016285/xslF345X03/form4.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.