Friday, August 11, 2017 10:15 PM ET
Bank of America (BAC) Insider Makes Significant Share Sale
A SEC filing today indicated a significant insider sale of Bank of America shares as — Frank P Bramble, Director — sold 86,763 shares in the company having a market value of approximately $2,096,107. This is the first insider buy/sell trade in the past 90 days.
Bank of America buy-sell trading activity is close to the 319 member peer company average. The Banks peer group saw 419 buy/sell trades during this period for an average of 1.3 transactions per company. However, trading at Bank of America represents a lower number of shares per transaction. Within the peer group there were 1,035,395 shares purchased and 44,537,867 shares sold with company insiders having sold 103,825 shares on average over this time period.
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.
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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