Thursday, September 14, 2017 10:15 PM ET
Insider Sales at E*Trade Financial (ETFC) are Significant and Extend the Selling Trend of Last Quarter
Three insiders — Rodger A Lawson, Director and Officer, Michael John Curcio, Officer, and Karl A Roessner, Director and Officer — today, disposed of 95,153 shares of E*Trade Financial having a market value of approximately $3,858,365, as reported in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 5,000 company shares and the sale of 30,571 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 120,724 shares and have averaged 18,675 shares per transaction over this time period.
The number of insider buy/sell trades at E*Trade Financial is above that of the 14 peer company average over the last 90-day period. The Investment Banking & Brokerage Services peer group saw 21 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by E*Trade Financial insiders is lower than its peers. Within the peer group there were 205,000 shares purchased and 565,482 shares sold with company insiders disposing of 17,166 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in creating and writing this story.
Today’s Insider Activity
* Rodger A Lawson, Director and Officer, sold 2,847 shares
* Michael John Curcio, Officer, sold 76,757 shares
* Karl A Roessner, Director and Officer, sold 15,549 shares
Using proprietary Natural Language Generation (NLG) technology, 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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