Insider Buying of Discovery Holding Co (DISCA) Shares Extends the Trend of Last 90 Days

Monday, November 06, 2017 10:15 PM ET

Insider Buying of Discovery Holding Co (DISCA) Shares Extends the Trend of Last 90 Days

There were substantial insider purchases of Discovery Holding Co shares today, as shown in filings with the SEC as two insiders — J David Wargo, Director, and Gunnar Wiedenfels, Officer — acquired 115,000 shares in the company having a net market value of approximately $1,807,332. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 25,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 140,000 shares and have averaged 35,000 shares per transaction over this time period.

The number of insider buy/sell trades at Discovery Holding Co is greater than that of the 13 peer company average over the last 90-day period. The Television Broadcasting peer group saw 22 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Discovery Holding Co insiders is lower than its peers. Within the peer group there were 75,000 shares purchased and 983,959 shares sold with company insiders selling 41,316 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.

Today’s Insider Activity
* J David Wargo, Director, bought 100,000 shares
* Gunnar Wiedenfels, Officer, bought 15,000 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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