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Charles River Labs International (CRL) Insider Makes Significant Share Sale

05/11/2021 18:31

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was a substantial sale of shares of Charles River Labs International by an insider today, as indicated in a form 4 document filed with the SEC. One insider -- James C Foster, Director and Officer -- disposed of 7,500 shares in the company having a market value of approximately $2,573,770. There have been 3 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 35,370 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 42,870 shares and have averaged 10,718 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Charles River Labs International is higher than its 207-company peer group average. The Biotechnology & Medical Research peer group saw 272 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Charles River Labs International insiders is lower than its peers. Within the peer group there were 103,129,632 shares purchased and 23,866,640 shares sold with company insiders acquiring 474,629 shares on average over this time period.

The data used in composing 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.