Friday, November 03, 2017 10:15 PM ET
Insider Selling in Amazon.com (AMZN) Shares Continues
There was a substantial sale of shares of Amazon.com by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Jeffrey P Bezos, 10% Owner, Director and Officer — disposed of 1,000,000 shares in the company having a market value of approximately $1,097,803,365. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,510 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,003,510 shares and have averaged 501,755 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Amazon.com is lower than the 6-company peer group average. Internet & Mail Order Department Stores peer group saw 29 buy/sell trades during this period for an average of 4.8 transactions per company. However, the number of shares per buy/sell trade for Amazon.com is higher. Within the peer group there were 0 shares purchased and 426,314 shares sold with company insiders disposing of 14,700 shares on average.
The data obtained in evaluating 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.
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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