Today there were 631 Form 4 filings reported by the SEC. This activity came from 623 insiders involving 206 companies. Individual transactions totaling over $1 million in market value occurred in 34 of these filings. Companies with aggregate market value transactions of over $1 million numbered 7, and within these companies there were 8 individual insiders surpassing the high value threshold.
The S&P 500 index saw 163 individuals from 36 companies reporting insider trades. This level of activity was noticeably beneath the average for the month and close to that of prior week. This activity reflected high value transactions with approximately $7,016,540 in market value, included 2 individual filers from 2 companies, and came from discretionary sales of 32,000 shares.
Among the most significant insider transactions for the day:
Insider Selling in Concho Resources (CXO) Shares Continues
A filing with the SEC today indicated a significant insider sale of Concho Resources shares as — E Joseph Wright, Officer — disposed of 28,000 shares in the company having a market value of approximately $3,784,304. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,800 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 29,800 shares and have averaged 14,900 shares per transaction over this time period. The number of insider buy/sell trades at Concho Resources is greater than that of the 152 peer company average over the last 90-day period.
The Oil & Gas Exploration and Production peer group saw 136 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Concho Resources insiders is lower than its peers. Within the peer group there were 6,529,325 shares purchased and 27,485,975 shares sold with company insiders disposing of 154,093 shares on average over this time period. For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
Another 6 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.