Today it was reported that the President of Service Corp International (NYSE: SCI), Michael R. Webb, exercised options to sell 214,000 SCI shares at $9.08 a share, for a total transaction value of $8.3M.
Following Michael R. Webb’s last SCI Sell transaction on September 11, 2017, the stock climbed by 5.0%. In addition to Michael R. Webb, one other SCI executive reported Sell trades in the last month.
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Based on Service Corp International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $796 million and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $773 million and had a net profit of $68.48 million. SCI’s market cap is $7.13B and the company has a P/E ratio of 15.36. Currently, Service Corp International has an average volume of 654K.
The insider sentiment on Service Corp International has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael R. Webb’s trades have generated a -24.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Service Corp. International engages in the provision of death care products and services. It operates through the Funeral and Cemetery business segments.
