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Insider Trends: Ametek Insider Makes Tax Sale Interrupting 90-Day Buy Trend

05/11/2021 16:56

08:40 PM EDT, 05/11/2021 (MT Newswires) -- David A Zapico, Director and CEO, reported a sale of 5,574 shares of Ametek (AME) for approximately $764,140 to fulfill tax obligations on May 10, 2021. Zapico, following the transactions delineated in the Form 4 SEC filing, owns 209,417 shares of the company, which have a market value of $28.7 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 60 insider transactions reported to the SEC for Ametek. These transactions came from the activities of 16 different insiders that resulted in a net acquisition of 62,151 company shares. This compares with the preceding 90-day window of time where there were 42 transactions from 10 insiders which 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 92.8 transactions per company, and disposition of 78,243 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1037868/000112760221016293/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.