11/22/2016 10:00:03 PM Insider Makes Significant Stock buy in Duke Energy (DUK) Shares Breaks Selling Trend of Last 90 Days.
There was substantial buying activity in Duke Energy shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Frank H Yoho, Officer — purchased 14,850 shares in the company having a market value of approximately $1,098,900. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 6,800 shares.
Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 8,050 shares and have averaged 10,825 shares per transaction over this time period. Over the last 90 days, the number of insider buy/sell trades at Duke Energy is higher than its 54-company peer group average.
The Electric Utilities peer group saw 59 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Duke Energy insiders is lower than its peers. Within the peer group there were 130,376 shares purchased and 1,474,178 shares sold with company insiders having sold 22,776 shares on average over this time period. Significant insider buying and selling activity has been determined by eliminating 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 in data used in evaluating and writing this story.