Friday, September 01, 2017 10:15 PM ET
Insiders at Wal-Mart Stores (WMT) Make Significant Stock Sales Extends the Trend of Last Quarter
There was significant selling of Wal-Mart Stores shares by insiders today, as disclosed in form 4 documents filed with the SEC. Three insiders — Alice L Walton, 10% Owner, Jim C Walton, 10% Owner, and S Robson Walton, 10% Owner and Director — disposed of 6,353,589 shares in the company having a market value of approximately $498,461,955. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 30,862,818 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 37,216,407 shares and have averaged 4,652,051 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Wal-Mart Stores is greater than the 16-company peer group average. Supermarkets & Convenience Stores peer group saw 20 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Wal-Mart Stores insiders was also higher. Within the peer group there were 0 shares purchased and 30,879,208 shares sold with company insiders disposing of 1,543,960 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
Today’s Insider Activity
* Alice L Walton, 10% Owner, sold 2,117,863 shares
* Jim C Walton, 10% Owner, sold 2,117,863 shares
* S Robson Walton, 10% Owner and Director, sold 2,117,863 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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