Tuesday, November 14, 2017 10:15 PM ET
Insider buy at Sprint (S) Extends the Trend of purchases over Last Quarter
There was noteworthy purchase activity in Sprint shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Softbank Group Corp, 10% Owner — bought 3,203,661 shares in the company having a market value of approximately $19,600,613. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 15,130,347 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 18,334,008 shares and have averaged 9,167,004 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Sprint is above the 37-company peer group average. Wireless Telecommunications Services peer group saw 17 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 15,305,275 shares purchased and 57,633 shares sold with company insiders purchasing 1,694,182 shares on average.
In order to focus on 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 data used to compose and write this story.
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