Thursday, December 14, 2017 10:15 PM ET
Insider at Discovery Holding Co (DISCA) Makes Significant purchase of Stock Extends the Trend of Last Quarter
An insider — John C Malone, 10% Owner and Director — bought 332,523 shares of Discovery Holding Co having a market value of approximately $6,555,691 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 115,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 447,523 shares and have averaged 149,174 shares per transaction over this time period.
Insiders at Discovery Holding Co have a level of buy/sell trades that is above the 13-peer company average over the last 90-day period. The Television Broadcasting peer group saw 16 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Discovery Holding Co insiders was also higher. Within the peer group there were 350,000 shares purchased and 986,458 shares sold with company insiders disposing of 39,779 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 sourced in composing and writing this story.
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