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Abercrombie & Fitch (ANF) sees Significant Insider Selling Continuing

05/11/2021 18:26

10:20 PM EDT, 05/11/2021 (MT Newswires) -- One insider -- Bonadies Fran Horowitz, Director and Officer -- today, sold 51,000 shares of Abercrombie & Fitch having a market value of approximately $2,040,000, as indicated in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 2,170 company shares and the disposition of 284,268 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 333,098 shares and have averaged 67,488 shares per transaction over this time period.

The level of buy/sell trading at Abercrombie & Fitch is is higher than the 27 peer company average over the last 90-day period. The Apparel & Accessories Retailers peer group saw 84 buy/sell trades during this period for an average of 3.1 transactions per company. The number of shares per buy/sell trade for Abercrombie & Fitch insiders was also higher. Within the peer group there were 46,116 shares purchased and 1,905,832 shares sold with company insiders selling 22,139 shares on average.

To bring into focus 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 in data used to create 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.