Thursday, November 09, 2017 10:15 PM ET
Insider Sale at Ameriprise Financial (AMP) Continues Selling Trend
There was a substantial sale of shares of Ameriprise Financial by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — James M Cracchiolo, Director and Officer — sold 42,228 shares in the company having a market value of approximately $6,728,164. There have been 4 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 81,471 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 123,699 shares and have averaged 24,740 shares per transaction over this time period.
The number of insider buy/sell trades at Ameriprise Financial is greater than that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 41 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Ameriprise Financial insiders is lower than its peers. Within the peer group there were 286,672 shares purchased and 16,146,153 shares sold with company insiders disposing of 386,817 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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