Tuesday, December 26, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Sprint (S)
There was a substantial insider purchase in Sprint shares today as revealed in a filing with the SEC. One insider — Softbank Group Corp, 10% Owner — bought 5,127,559 shares in the company having a net market value of approximately $29,098,897. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 38,200,040 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 43,327,599 shares and have averaged 21,663,800 shares per transaction over this time period.
Insider buy/sell trading at Sprint is higher than the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 37 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 38,670,974 shares purchased and 88,833 shares sold with company insiders having bought 2,755,867 shares on average.
The data used in composing 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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