Monday, October 16, 2017 10:15 PM ET
Insider purchases at Conn’s Inc (CONN) Extend the Trend of Significant Buying of Last 90 Days
There were substantial insider purchases of Conn’s Inc shares today, as reflected in filings with the SEC as two insiders — Warren A Stephens, 10% Owner, and Harriet C Stephens, 10% Owner — acquired 84,000 shares in the company having a net market value of approximately $2,133,601. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 12,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 96,000 shares and have averaged 32,000 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Conn’s Inc is above the 5-company peer group average. Consumer Electronics Retailers peer group saw 1 buy/sell trades during this period for an average of 0.2 transactions per company. The number of shares per buy/sell trade for Conn’s Inc insiders was also higher. Within the peer group there were 12,000 shares purchased and 0 shares sold with company insiders having bought 12,000 shares on average.
Insider buying and selling activity that is significant 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 composing and writing this story.
Today’s Insider Activity
* Warren A Stephens, 10% Owner, bought 42,000 shares
* Harriet C Stephens, 10% Owner, bought 42,000 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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