Wednesday, October 04, 2017 10:15 PM ET
Insider Selling at Liberty Media (LSXMA) Continues with Significant Sale
There was a significant sale of shares of Liberty Media by an insider today, as indicated in a form 4 document filed with the SEC. One insider — John C Malone, 10% Owner, Director and Officer — sold 153,000 shares in the company having a market value of approximately $5,708,102. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,099,008 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,252,008 shares and have averaged 417,336 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Liberty Media is less than the 33-company peer group average. Broadcasting peer group saw 138 buy/sell trades during this period for an average of 4.2 transactions per company. However, the number of shares per buy/sell trade for Liberty Media is higher. Within the peer group there were 976 shares purchased and 16,014,378 shares sold with company insiders disposing of 116,039 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 used to create and write this story.
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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