Thursday, December 21, 2017 10:15 PM ET
Significant Insider purchase of Sprint (S) Shares Extends the Buying Trend of Last Quarter
There was a significant insider buying activity in Sprint shares today as revealed in a filing with the SEC. One insider — Softbank Group Corp, 10% Owner — purchased 5,095,549 shares in the company having a net market value of approximately $28,764,214. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 33,104,491 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 38,200,040 shares and have averaged 19,100,020 shares per transaction over this time period.
Sprint insider trading represents a level of buy/sell trades that is above for the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 36 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 33,575,425 shares purchased and 88,833 shares sold with company insiders acquiring 2,391,899 shares on average.
The data obtained in creating 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.
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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