Tuesday, August 08, 2017 10:15 PM ET
Insider Sales at Regions Financial (RF) are Significant and Extend the Selling Trend of Last Quarter
A substantial level of insider sales in Regions Financial was revealed in form 4 documents filed with the SEC today. Two insiders — Susan W Matlock, Director, and David J Turner Jr, Officer — disposed of 75,000 shares in the company having a market value of approximately $1,124,115. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 35,825 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,825 shares and have averaged 36,942 shares per transaction over this time period.
The number of insider buy/sell trades at Regions Financial is greater than the 319 peer company average over the last 90-day period. However, the number of shares per average transaction for Regions Financial insider buy-sell trading is very close to the average of the Banks peer group of companies. This peer group saw 1,076,554 shares purchased and 14,289,710 shares sold resulting in an average of 37,662 shares traded and netting out with company insiders having sold 32,385 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.
Today’s Insider Activity
* Susan W Matlock, Director, sold 10,000 shares
* David J Turner Jr, Officer, sold 65,000 shares
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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