Monday, August 07, 2017 10:15 PM ET
Significant Insider Selling in Shares of Ameriprise Financial (AMP) Continues
There was a notable sale of shares of Ameriprise Financial by an insider today, as indicated in a form 4 document filed with the SEC. One insider — James M Cracchiolo, Director and Officer — sold 13,418 shares in the company having a market value of approximately $1,962,344. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 14,918 shares and have averaged 7,459 shares per transaction over this time period.
The number of insider buy/sell trades at Ameriprise Financial is above that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 38 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Ameriprise Financial insiders is lower than its peers. Within the peer group there were 3,548,152 shares purchased and 4,360,919 shares sold with company insiders disposing of 21,389 shares on average over this time period.
The data obtained in composing 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.
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.
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