Insider Sales at Apple (AAPL) are Significant and Extend the Selling Trend of Last Quarter

Wednesday, August 09, 2017 10:15 PM ET

Insider Sales at Apple (AAPL) are Significant and Extend the Selling Trend of Last Quarter

There was a notable level of insider selling reported today in filings with the SEC for Apple. Two insiders — Craig Federighi, Officer, and D Bruce Sewell, Officer — sold 94,788 shares in the company for approximately $14,985,132. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 195,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 290,288 shares and have averaged 36,286 shares per transaction over this time period.

The number of insider buy/sell trades at Apple is above the 21 peer company average over the last 90-day period. The Computer Hardware peer group saw 29 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Apple insiders was also higher. Within the peer group there were 81,485 shares purchased and 643,500 shares sold with company insiders disposing of 19,380 shares on average.

In order to focus on 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 data sourced to compose and write this story.

Today’s Insider Activity
* Craig Federighi, Officer, sold 63,163 shares
* D Bruce Sewell, Officer, sold 31,625 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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