Heavy Insider Selling at Well-Known Direct Selling Company, Plus Other Notable Insider Transactions

Executive at Shopping Center-Focused REIT Discards Shares

One insider at Macerich Co (NYSE:MAC) offloaded shares during the last trading session of the previous week. Randy L. Brant, Executive Vice President of Real Estate at Macerich, liquidated 24,250 shares on Friday at prices varying from $83.00 to $83.28 per share. Following the recent sale, Mr. Brant currently owns 26,928 shares.

The REIT engaged in the acquisition, ownership, development, management and leasing of regional and community/power shopping centers across the United States has seen its shares climb by 2% since the beginning of 2016. Macerich Co (NYSE:MAC) owned or had an ownership interest in 50 regional shopping centers and seven community/power shopping centers at the end of June. In early March, the REIT acquired a regional shopping center in Kansas City, called Country Club Plaza, through a 50/50 joint venture for a total price of $660.0 million. Adage Capital Management, founded by Phillip Gross and Robert Atchinson, reported ownership of 185,800 shares of Macerich Co (NYSE:MAC) in its 13F for the June quarter.

Board Member of Well-Known Direct Selling Company Sells Shares

A member of Nu Skin Enterprises Inc. (NYSE:NUS)’s boardroom offloaded a sizeable block of shares this past week. Board member Andrew D. Lipman sold 30,000 shares on Thursday at prices that fell between $63.93 and $64.36 per share. After the recent sale, Mr. Lipman currently owns 36,090 shares.

The shares of the direct selling company that develops and distributes personal care products and nutritional supplements are 66% in the green thus far in 2016. Earlier this year, Nu Skin Enterprises Inc. (NYSE:NUS) agreed to pay $47 million to settle a lawsuit that alleged the company operated a pyramid scheme in China based on illegal multi-level marketing activities. The maker of personal care products reported revenue of $600.5 million for the three months that ended June 30, up 7% year-over-year. The number of asset managers from our system with equity stakes in Nu Skin Enterprises increased to 17 from 15 during the April-to-June quarter. Eric Sprott’s Sprott Asset Management owned 102,500 shares of Nu Skin Enterprises Inc. (NYSE:NUS) at the end of the June quarter.

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