The SEC reported 911 Form 4 filings today. This activity came from 895 insiders involving 319 companies. Of these individual transactions, 114 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 33, and within these companies there were 77 individual insiders surpassing the high value threshold.
The Russell 3000 index had 283 companies reporting insider trades involving 795 individual filers. This level of activity was markedly lower than the average for the last month and substantially above that of prior week. High value transactions represented in this activity came from 47 individuals in 26 companies, having approximately $1,058,977,476 in market value, and came from discretionary purchases of 925,010 shares and discretionary sales of 27,209,977 shares.
Among the most significant insider transactions for the day:
Significant Insider Selling in Shares of ALCOA (AA) Continues
A substantial insider sale of the shares of ALCOA was disclosed in a form 4 document filed with the SEC today, showing — Arconic Inc., Required Filer — disposed of 23,353,000 shares in the company having a market value of approximately $888,114,590. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,748 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 23,356,748 shares and have averaged 11,678,374 shares per transaction over this time period.
Insiders at ALCOA have a lower number of buy/sell trades than the 6-peer company average over the last 90-day period. The Aluminum peer group saw 21 buy/sell trades during this period for an average of 3.5 transactions per company. However, the number of shares per buy/sell trade for ALCOA is higher. Within the peer group there were 2,675,000 shares purchased and 3,748 shares sold with company insiders purchasing 890,417 shares on average. In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to compose and write this story.
Another 31 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 email@example.com.