Wednesday, November 08, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Sprint (S)
There was noteworthy purchase activity in Sprint shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Softbank Group Corp, 10% Owner — bought 6,484,367 shares in the company having a market value of approximately $38,387,462. This is the first insider buy/sell trade in the past 90 days.
Relative to its peers over the last 90 days, insider buy/sell trading at Sprint is higher than the 37-company peer group average. Wireless Telecommunications Services peer group saw 11 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 54,863 shares purchased and 75,025 shares sold with company insiders selling 1,833 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.
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