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Insider Trends: Forward Air Insider Extends 90-Day Selling Trend

05/11/2021 17:39

09:32 PM EDT, 05/11/2021 (MT Newswires) -- George M Lynch, Director, sold 3,056 shares in Forward Air (FWRD) for $301,597 on May 07, 2021. Following the Form 4 filing with the SEC, Lynch has 9,455 shares of the company, which have a market value of $923,943 as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 15 insider transactions reported to the SEC for Forward Air. These transactions came from the activities of 9 separate insiders that resulted in a net disposition of 1,152 company shares. This compares with the preceding 90-day window of time where there were 21 transactions from 8 insiders that resulted in the net acquisition of 17,529 shares.

This is lower than the average level of insider transactions in the 7-company Courier, Postal, Air Freight & Land-based Logistics (NEC) peer group over the last 90-day period. Activity in the peer group averaged 139.0 transactions per company, with company insiders acquiring on average 178,733 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/912728/000091272821000133/xslF345X03/wf-form4_162078300892874.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.