Friday, November 24, 2017 10:15 PM ET
Insiders at Wal-Mart Stores (WMT) Make Significant Stock Sales Extends the Trend of Last Quarter
There was significant selling of Wal-Mart Stores shares today, as revealed in filings with the SEC. Three insiders — Alice L Walton, 10% Owner, Jim C Walton, 10% Owner, and S Robson Walton, 10% Owner and Director — disposed of 6,268,110 shares in the company having a market value of approximately $606,063,053. 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 disposition of 23,139,761 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 29,407,871 shares and have averaged 2,450,656 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Wal-Mart Stores is greater than the 16-company peer group average. Supermarkets & Convenience Stores peer group saw 18 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 23,151,161 shares sold with company insiders disposing of 1,285,898 shares on average.
In determining significant insider buying and selling, 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 sourced to evaluate and write this story.
Today’s Insider Activity
* Alice L Walton, 10% Owner, sold 2,089,370 shares
* Jim C Walton, 10% Owner, sold 2,089,370 shares
* S Robson Walton, 10% Owner and Director, sold 2,089,370 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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