Continued Level of Significant Insider Selling at Mastercard (MA)

Thursday, August 10, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Mastercard (MA)

There was a notable sale of shares of Mastercard by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Mastercard Foundation, 10% Owner — sold 87,623 shares in the company having a market value of approximately $11,333,333. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 496,502 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 584,125 shares and have averaged 292,063 shares per transaction over this time period.

Insiders at Mastercard have a level of buy/sell trades that is above the 9-peer company average over the last 90-day period. The Internet Security & Transactions Services peer group saw 7 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Mastercard insiders was also higher. Within the peer group there were 0 shares purchased and 526,274 shares sold with company insiders disposing of 75,182 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 sourced to create and write this story.

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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