Tuesday, November 21, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Wal-Mart Stores (WMT) Shares Extending the Trend of Last Quarter
In SEC filings today Wal-Mart Stores reported three insiders — Alice L Walton, 10% Owner, Jim C Walton, 10% Owner, and S Robson Walton, 10% Owner and Director — sold 11,708,667 shares in the company having a market value of approximately $1,140,609,332. There have been 9 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 13,758,968 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 25,467,635 shares and have averaged 2,122,303 shares per transaction over this time period.
Insiders at Wal-Mart Stores have a higher number of buy/sell trades than the 16-peer company average over the last 90-day period. The Supermarkets & Convenience Stores peer group saw 17 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Wal-Mart Stores insiders was also higher. Within the peer group there were 5,000 shares purchased and 13,763,968 shares sold with company insiders having sold 809,351 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in composing and writing this story.
Today’s Insider Activity
* Alice L Walton, 10% Owner, sold 3,902,889 shares
* Jim C Walton, 10% Owner, sold 3,902,889 shares
* S Robson Walton, 10% Owner and Director, sold 3,902,889 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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