Monday, December 11, 2017 10:15 PM ET
Apple (AAPL) sees Significant Insider Selling Continuing
There was a notable insider sale of Apple shares today, as indicated in a filing with the SEC as — Daniel J Riccio, Officer — disposed of 15,641 shares in the company having a market value of approximately $2,654,135 There have been 5 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 227,208 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 242,849 shares and have averaged 40,475 shares per transaction over this time period.
Insiders at Apple have a higher number of buy/sell trades than the 23-peer company average over the last 90-day period. The Computer Hardware peer group saw 31 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Apple insiders was also higher. Within the peer group there were 6,890 shares purchased and 609,335 shares sold with company insiders disposing of 19,434 shares on average.
The data obtained 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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