Wednesday, November 22, 2017 10:15 PM ET
Starbucks (SBUX) sees Significant Insider Selling
A filing with the SEC today disclosed a notable insider sale of Starbucks shares as — Howard D Schultz, Director and Officer — sold 25,000 shares in the company having a market value of approximately $1,431,900. This is the first insider buy/sell trade in the past 90 days.
This number of buy-sell trades at Starbucks is near average for the 36 member peer company. The Restaurants & Bars peer group saw 43 buy/sell trades during this period for an average of 1.2 transactions per company. However, trading at Starbucks represents a lower number of shares per transaction. Within the peer group there were 1,354,427 shares purchased and 4,286,987 shares sold with company insiders selling 68,199 shares on average over this time period.
The data sourced 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.
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