Insider trading activity processed with the SEC today revealed 1,327 Form 4 filings. There were 1,277 insiders reflected in these filings, representing activity in 400 companies. Individual transactions totaling over $1 million in market value occurred in 85 of these filings. There were 16 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 31 individual insiders with transactions that were greater than $1 million.
There were 354 companies in the Russell 3000 index representing 1,156 individuals reporting insider activity. Included in this activity, were high value transactions that represented 25 individuals in 15 companies and involving $50,273,053 in market value. This activity was noticeably above the average for the past 5 days but substantially below the average for the past 30 days, and came from discretionary sales of 1,185,949 shares.
Among the most significant insider transactions for the day:
Insiders Make Significant Stock Sales in Discover Financial Services (DFS) Shares Extending the Trend of Last Quarter
There was a notable level of share sales at Discover Financial Services today, as reported in filings with the SEC. Four insiders — Nelms, Hochschild, Offereins, and Minetti — sold 45,000 shares in the company having a market value of approximately $3,272,901. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 87,261 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 132,261 shares and have averaged 12,024 shares per transaction over this time period.
Today’s Insider Activity
* David W Nelms, Director and Officer, sold 15,000 shares
* Roger C Hochschild, Officer, sold 10,000 shares
* Diane E Offereins, Officer, sold 10,000 shares
* Carlos Minetti, Officer, sold 10,000 shares
Another 15 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at firstname.lastname@example.org.