Wednesday, October 25, 2017 10:15 PM ET
Insider Selling in Charles Schwab (SCHW) Shares Continues
There was a significant insider sale of Charles Schwab shares today, as indicated in a filing with the SEC as — Charles R Schwab, 10% Owner, Director and Officer — sold 394,935 shares in the company having a market value of approximately $17,685,308 There have been 3 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 605,209 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,000,144 shares and have averaged 250,036 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Charles Schwab is greater than the 14-company peer group average. Investment Banking & Brokerage Services peer group saw 25 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Charles Schwab insiders was also higher. Within the peer group there were 205,000 shares purchased and 882,348 shares sold with company insiders having sold 27,094 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 obtained in composing and writing 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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