Thursday, October 05, 2017 10:15 PM ET
Significant Insider Sales in Shares of Apple (AAPL) Extends the Selling Trend of Last Quarter
Apple, today, saw two insiders — Angela J Ahrendts, Officer, and Philip W Schiller, Officer — sell 120,196 shares having a market value of approximately $18,563,216, as disclosed 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. All of these trades have been sales resulting in the sale of 123,098 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 243,294 shares and have averaged 40,549 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Apple is greater than the 21-company peer group average. Computer Hardware peer group saw 21 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Apple insiders was also higher. Within the peer group there were 49,871 shares purchased and 474,165 shares sold with company insiders selling 20,204 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 obtained to evaluate and write this story.
Today’s Insider Activity
* Angela J Ahrendts, Officer, sold 63,388 shares
* Philip W Schiller, Officer, sold 56,808 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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