Wednesday, October 25, 2017 10:15 PM ET
Insider Sale at Liberty Broadband (LBRDA) Continues Selling Trend
There was a significant sale of shares of Liberty Broadband by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — John C Malone, 10% Owner and Director — sold 45,000 shares in the company having a market value of approximately $4,199,481. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 482,775 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 527,775 shares and have averaged 263,888 shares per transaction over this time period.
The level of buy-sell trading at Liberty Broadband is near the 14 member peer company average. The Cable Service Providers peer group saw 21 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade transacted by Liberty Broadband insiders is higher. Within the peer group there were 0 shares purchased and 966,660 shares sold with company insiders having sold 46,031 shares on average.
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 composing and writing this story.
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