Thomas R. Sullivan, Director at MERCANTILE BANK CORP (MBWM), sold 5,200 shares at $35.15 ($183K) on 2017-11-20, disclosed to the SEC on 2017-11-22.
Seasonal sale ($183k) by Director — this insider has traded MBWM in November in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| Filing → |
| MBWM | SELL | 2017-10-30 | $216K | — | Filing → |
| MBWM | SELL | 2017-10-24 | $796K | — | Filing → |
| MBWM | SELL | 2017-06-14 | $446K | — | Filing → |