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Insiders at Clearfield (CLFD) Make Significant Stock Sales Extends the Trend of Last Quarter

05/11/2021 18:20

10:20 PM EDT, 05/11/2021 (MT Newswires) -- Two insiders -- Charles N Hayssen, Director, and John P Hill, Officer -- sold 45,000 shares of Clearfield having a market value of approximately $1,721,200, today, as reported in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 1,500 company shares and the disposition of 35,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 78,500 shares and have averaged 20,375 shares per transaction over this time period.

Today's Insider Activity

Clearfield insider trading represents a level of buy/sell trades that is above for the 79 peer company average over the last 90-day period. The Communications & Networking peer group saw 103 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Clearfield insiders was also higher. Within the peer group there were 49,904 shares purchased and 1,708,620 shares sold with company insiders selling 16,104 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.

[Disclaimer]
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.