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Insider Selling in United Natural Foods (UNFI) Shares Continues

05/11/2021 18:27

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A notable insider sale of the shares of United Natural Foods was disclosed in a form 4 document filed with the SEC today, showing -- Steven Spinner, Director and Officer -- disposed of 75,000 shares in the company having a market value of approximately $2,700,000. 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 disposition of 67,679 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 142,679 shares and have averaged 28,536 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at United Natural Foods is greater than the 22-company peer group average. Food Retail & Distribution peer group saw 17 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for United Natural Foods insiders was also higher. Within the peer group there were 0 shares purchased and 136,816 shares sold with company insiders disposing of 8,048 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated from data sourced to compose and write 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.