Wednesday, November 08, 2017 10:15 PM ET
Insider Sale at Amazon.com (AMZN) Continues Selling Trend
A SEC filing today disclosed a significant insider sale of Amazon.com shares as — Tom A Alberg, Director — sold 1,860 shares in the company having a market value of approximately $2,063,112. There have been 2 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 1,002,800 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,004,660 shares and have averaged 334,887 shares per transaction over this time period.
The number of insider buy/sell trades at Amazon.com is lower than the 6 peer company average over the last 90-day period. The Internet & Mail Order Department Stores peer group saw 25 buy/sell trades during this period for an average of 4.2 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 1,361,304 shares sold with company insiders having sold 54,452 shares on average.
Insider buying and selling activity that is significant 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 creating 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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