There were 357 Form 4 filings processed today with the SEC. These transactions involved activity in 141 companies and came from 345 insiders. Within this insider activity were 30 transactions which individually represented over $1 million in market value. There were 6 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 7 individual insiders with transactions that were greater than $1 million.
The S&P 500 index saw 85 individuals from 32 companies reporting insider trades. This activity was markedly beneath the average for the 30 days and meaningfully lower than that of prior 5 days. Included in this activity, was 1 high value transaction that reflects 1 individual in 1 company and representing $2,146,917 in market value. and came from discretionary sales of 5,349 shares.
Among the most significant insider transactions for the day:
Continued Level of Significant Insider Selling at E W Scripps (SSP)
One E W Scripps insider Richard A Boehne, Director and Officer, today, sold 150,000 shares having a market value of approximately $3,311,370, as indicated in a form 4 document filed with the SEC. There have been 10 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 377,916 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 527,916 shares and have averaged 47,992 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at E W Scripps is above its 12-company peer group average. The Television Broadcasting peer group saw 24 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares traded per transaction by E W Scripps insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,781,132 shares sold with company insiders having sold 74,214 shares on average over this time period. Insider buying and selling activity that is significant 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 creating and writing this story.
Another 5 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.