Insider trading activity tracked by the SEC in Form 4 reports saw 373 filings today. There were 368 insiders involved in these filings, reflecting activity in 203 companies. Individual transactions totaling over $1 million in market value occurred in 76 of these filings. Companies with aggregate market value transactions of over $1 million numbered 27, and within these companies there were 65 individual insiders surpassing the high value threshold.
There were 34 companies in the S&P 500 index representing 53 individuals reporting insider activity. This level of activity was very much above the average for the month and markedly above that of past week. Included in this activity, were high value transactions representing 11 individuals in 6 companies, involving $779,700,246 in market value, and came from discretionary sales of 9,750,395 shares.
Amazon.com (NASDAQ:AMZN) Insider Makes Significant Share Sale
There was a notable sale of shares of Amazon.com by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Jeffrey A Wilke, Officer — disposed of 2,670 shares in the company having a market value of approximately $2,698,416. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 8,710 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 11,380 shares and have averaged 2,845 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Amazon.com is below its 6-company peer group average. The Internet & Mail Order Department Stores peer group saw 57 buy/sell trades during this period for an average of 9.5 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 2,347,567 shares sold with company insiders having sold 41,185 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.
Wayfair (NYSE:W) Extends the Selling Trend of Last Quarter
There was substantial level of selling of Wayfair shares by insiders today, as reported in form 4 documents filed with the SEC. Seven insiders listed below, disposed of 116,400 shares in the company having a market value of approximately $7,927,810. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 2,338,857 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,455,257 shares and have averaged 153,454 shares per transaction over this time period.
Today’s Insider Activity
* Michael D Fleisher, Officer, sold 20,000 shares
* Nicholas Malone, Officer, sold 1,500 shares
* Edmond Macri, Officer, sold 600 shares
* Steven Conine, 10% Owner, Director and Officer, sold 45,000 shares
* Niraj Shah, 10% Owner, Director and Officer, sold 45,000 shares
* John Champlin Mulliken, Officer, sold 4,000 shares
* Steve Oblak, Officer, sold 300 shares