Today, insiders filed 694 Form 4 reports with the SEC. These transactions involved activity in 274 companies and came from 690 insiders. Within this insider activity were 62 transactions which individually represented over $1 million in market value. There were 22 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 47 individual insiders with transactions that were greater than $1 million.
The S&P 500 index saw 157 individuals from 51 companies reporting insider trades. This level of activity was very much below the average for the month and materially lower than that of past week. Included in this activity, were high value transactions that represented 5 individuals in 3 companies, involving $7,861,002 in market value, and came from discretionary sales of 13,459 shares.
Among the most significant insider transactions for the day:
Herbalife (HLF) sees Significant Insider buy Reversing Trend of Selling over Last Quarter
An insider — Carl C Icahn, 10% Owner — acquired 372,324 shares of Herbalife having a market value of approximately $19,118,837 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 370,324 shares and have averaged 187,162 shares per transaction over this time period.
Herbalife level of buy-sell trading activity is close to the 17 member peer company average. The Personal Products peer group saw 29 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares per buy/sell trade transacted by Herbalife insiders is higher. Within the peer group there were 150,000 shares purchased and 284,584 shares sold with company insiders having sold 4,641 shares on average. 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 obtained to evaluate and write this story.
Another 20 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.