Wednesday, November 15, 2017 10:15 PM ET
Insider Makes Significant Stock buy in AT&T (T) Shares Extends the Trend of Last 90 Days
Substantial insider purchase activity was disclosed in AT&T shares in a form 4 document filed with the SEC today, showing — Geoffrey Y Yang, Director — bought 92,423 shares in the company having a net market value of approximately $3,500,288. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 29,600 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 122,023 shares and have averaged 61,012 shares per transaction over this time period.
The number of insider buy/sell trades at AT&T is above that of the 37 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 18 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares traded per transaction by AT&T insiders is lower than its peers. Within the peer group there were 18,508,936 shares purchased and 57,633 shares sold with company insiders acquiring 2,050,145 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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