The SEC today processed 316 Form 4 filings. There were 315 insiders reflected in these filings, representing activity in 148 companies. Within this insider activity were 37 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 8, and within these companies there were 9 individual insiders surpassing the high value threshold.
Activity within the S&P 500 index was centered around 33 companies with 83 individuals reporting insider trades. This activity was near the average for the preceding month and materially above that of preceding week. High value transactions had approximately $19,560,156 in market value, represented 3 individual filers from 3 companies, and came from discretionary purchases of 324,647 shares and discretionary sales of 3,622 shares.
Among the most significant insider transactions for the day:
Insider Makes Significant Stock buy in CSX Corporation (CSX) Shares Breaks neutral Trend of Last 90 Days
Notable insider buying activity was revealed in CSX Corporation shares in a form 4 document filed with the SEC today, showing — E Hunter Harrison, Director and Officer — acquired 300,000 shares in the company having a net market value of approximately $15,060,000. This is the first insider buy/sell trade in the past 90 days. CSX Corporation insider trading represents a lower number of buy/sell transactions than for the 19 peer company average over the last 90-day period. The Ground Freight & Logistics peer group saw 36 buy/sell trades during this period for an average of 1.9 transactions per company. However, the number of shares per buy/sell trade for CSX Corporation is higher.
Within the peer group there were 100 shares purchased and 140,759 shares sold with company insiders having sold 3,907 shares on average. To bring into focus 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 in data used to create and write this story.
Another 7 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.