Significant Insider buy of AllianceBernstein Holding (AB) Shares Reverses Selling Trend of Last Quarter

Friday, September 01, 2017 10:15 PM ET

Significant Insider buy of AllianceBernstein Holding (AB) Shares Reverses Selling Trend of Last Quarter

There was noteworthy buying activity in AllianceBernstein Holding shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — AXA AMERICA HOLDINGS, INC., Required Filer — purchased 1,071,180 shares in the company having a market value of approximately $24,530,022. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 52,759 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,018,421 shares and have averaged 280,985 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at AllianceBernstein Holding is higher than its 29-company peer group average. The Investment Management peer group saw 39 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by AllianceBernstein Holding insiders is lower than its peers. Within the peer group there were 62,500 shares purchased and 15,648,656 shares sold with company insiders selling 399,645 shares on average over this time period.

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 used 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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