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Insider Sale at Huntington Bancshares (HBAN) Continues Selling Trend

05/11/2021 18:33

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A filing with the SEC today revealed a significant insider sale of Huntington Bancshares shares as -- Mark E Thompson, Officer -- sold 131,185 shares in the company having a market value of approximately $2,066,164. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 258,880 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 390,065 shares and have averaged 78,013 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Huntington Bancshares is greater than the 394-company peer group average. Banks peer group saw 573 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Huntington Bancshares insiders was also higher. Within the peer group there were 458,861 shares purchased and 4,905,456 shares sold with company insiders disposing of 7,760 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.

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.