Insider trading activity reported to the SEC today revealed 240 Form 4 filings. There were 233 insiders represented in these filings, involving activity in 107 companies. Of these individual transactions, 33 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 13, and within these companies there were 35 individual insiders surpassing the high value threshold.
The S&P 500 index had 19 companies reporting insider trades involving 49 individual filers. This activity was markedly beneath the average for the 30 days and close to that of past 5 days. This activity reflected high value transactions with approximately $2,461,207 in market value, included 3 individual filers from 2 companies, and came from discretionary sales of 18,200 shares.
Significant Insider buy of Lululemon Athletica (lulu) Shares Breaks neutral Trend of Last Quarter
Notable insider buying activity was disclosed in Lululemon Athletica shares in a form 4 document filed with the SEC today, showing — Glenn Murphy, Director — purchased 100,000 shares in the company having a net market value of approximately $5,549,886. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Lululemon Athletica is near the 25 member peer company average. The Apparel & Accessories peer group saw 26 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares per buy/sell trade transacted by Lululemon Athletica insiders is higher. Within the peer group there were 87,951 shares purchased and 101,138 shares sold with company insiders selling 507 shares on average. The data used in creating and writing in this story eliminates 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.
Another 12 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.