Insiders filed 588 Form 4 reports with the SEC today. These transactions involved activity in 238 companies and came from 578 insiders. Of these individual transactions, 48 were filings that represented over $1 million in market value. There were 24 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 40 individual insiders with transactions that were greater than $1 million.
Activity within the S&P 500 index was centered around 38 companies with 75 individuals reporting insider trades. This activity was much below the average for the month and substantially below that of preceding week. High value transactions represented $168,389,357 in market value, reflected 8 individual filers from 6 companies, and came from discretionary purchases of 1,350,955 shares and discretionary sales of 177,870 shares.
Among the most significant insider transactions for the day:
Insiders at Alexion Pharmaceuticals (ALXN) Make Significant purchases of Stock
There were significant insider purchases of Alexion Pharmaceuticals shares today, as reflected in filings with the SEC as three insiders — Christopher J Coughlin, Director, Alvin S Parven, Director, and Baker Bros Advisors Lp, Director — purchased 1,350,955 shares in the company having a net market value of approximately $157,149,644. This is the first insider buy/sell trade in the past 90 days.
Today’s Insider Activity
* Christopher J Coughlin, Director, bought 2,000 shares
* Alvin S Parven, Director, sold 835 shares
* Baker Bros Advisors Lp, Director, bought 1,348,955 shares
Continued Level of Significant Insider Selling at Installed Building Products (IBP)
A significant insider sale of the shares of Installed Building Products was indicated in a form 4 document filed with the SEC today, showing — Jeffrey W Edwards, 10% Owner, Director and Officer — sold 600,000 shares in the company having a market value of approximately $31,500,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,499 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 603,499 shares and have averaged 301,750 shares per transaction over this time period.
Insider buy/sell trading at Installed Building Products is greater than the 17 peer company average over the last 90-day period. The Construction Supplies & Fixtures peer group saw 13 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Installed Building Products insiders was also higher. Within the peer group there were 56,551 shares purchased and 135,532 shares sold with company insiders selling 6,075 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 compose and write this story.
Another 22 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.
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