Tuesday, November 14, 2017 10:15 PM ET
Insiders at Pinnacle West Capital (PNW) Make Significant Stock Sales Extends the Trend of Last Quarter
There was a substantial level of insider selling revealed today in filings with the SEC for Pinnacle West Capital. Two insiders — Michael L Gallagher, Director, and Donald E Brandt, Director and Officer — sold 20,165 shares in the company for approximately $1,805,232. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 41,419 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 61,584 shares and have averaged 12,317 shares per transaction over this time period.
The number of insider buy/sell trades at Pinnacle West Capital is higher than that of the 69 peer company average over the last 90-day period. The Electric Utilities peer group saw 82 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Pinnacle West Capital insiders is lower than its peers. Within the peer group there were 274,012 shares purchased and 1,251,307 shares sold with company insiders disposing of 11,918 shares on average over this time period.
The data used in evaluating 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.
Today’s Insider Activity
* Michael L Gallagher, Director, sold 2,012 shares
* Donald E Brandt, Director and Officer, sold 18,153 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.
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