Significant Insider Sales Reported in Shares of Syneos Health (SYNH) Extending the Trend of Last Quarter
10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was a notable level of insider selling reported today in filings with the SEC for Syneos Health. Four insiders -- Advent International, Thomas H Lee Advisors, Maldonado, and Allen -- disposed of 15,416,636 shares in the company for approximately $1,249,364,181. There have been 10 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 17,994,787 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 33,411,423 shares and have averaged 2,386,530 shares per transaction over this time period.
Today's Insider Activity
During the last 90 days, the number of insider buy/sell trades at Syneos Health is above the 207-company peer group average. Biotechnology & Medical Research peer group saw 272 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Syneos Health insiders was also higher. Within the peer group there were 103,129,632 shares purchased and 23,866,640 shares sold with company insiders purchasing 474,629 shares on average.
The data obtained in creating 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.
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.