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Herc Holdings (HRI) Insiders Make Significant Share Sales

05/11/2021 18:34

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was substantial level of selling of Herc Holdings shares by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders -- Lawrence Harris Silber, Director and Officer, and Christian J Cunningham, Officer -- sold 32,829 shares in the company having a market value of approximately $3,620,107. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 16,415 shares per transaction.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Herc Holdings is higher than its 8-company peer group average. The Industrial Equipment Rental peer group saw 6 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Herc Holdings insiders is lower than its peers. Within the peer group there were 0 shares purchased and 141,865 shares sold with company insiders having sold 23,644 shares on average over this time period.

The data sourced in evaluating and writing in this story eliminates 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.

[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.