Monday, November 27, 2017 10:15 PM ET
Insider at Apple (AAPL) Makes Significant Sale of Stock
A SEC filing today indicated a substantial insider sale of Apple shares as — Johny Srouji, Officer — disposed of 10,368 shares in the company having a market value of approximately $1,811,128. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 157,371 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 167,739 shares and have averaged 33,548 shares per transaction over this time period.
The number of insider buy/sell trades at Apple is greater than the 23 peer company average over the last 90-day period. The Computer Hardware peer group saw 27 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Apple insiders was also higher. Within the peer group there were 18,983 shares purchased and 492,663 shares sold with company insiders disposing of 17,544 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 used in evaluating and writing this story.
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