Wednesday, October 25, 2017 10:15 PM ET
Western Alliance Bancorp (WAL) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
In SEC filings today Western Alliance Bancorp revealed two insiders — Robert Gary Sarver, Director and Officer, and William S Boyd, Director — disposed of 110,000 shares in the company having a market value of approximately $6,077,462. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 100,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 210,000 shares and have averaged 70,000 shares per transaction over this time period.
The number of insider buy/sell trades at Western Alliance Bancorp is greater than the 183 peer company average over the last 90-day period. The Commercial Banks peer group saw 309 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Western Alliance Bancorp insiders was also higher. Within the peer group there were 429,098 shares purchased and 1,446,115 shares sold with company insiders selling 3,291 shares on average.
The data used in creating and writing in this story eliminates 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.
Today’s Insider Activity
* Robert Gary Sarver, Director and Officer, sold 100,000 shares
* William S Boyd, Director, sold 10,000 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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