Wednesday, November 22, 2017 10:15 PM ET
Significant Insider purchase of General Electric (GE) Shares Extends the Buying Trend of Last Quarter
There was significant purchase activity in General Electric shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — James S Tisch, Director — bought 3,000,000 shares in the company having a market value of approximately $53,712,250. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 120,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 3,120,500 shares and have averaged 780,125 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at General Electric is greater than the 23-company peer group average. Industrial Conglomerates peer group saw 25 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for General Electric insiders was also higher. Within the peer group there were 1,790,246 shares purchased and 57,736 shares sold with company insiders acquiring 108,282 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
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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