Thursday, December 28, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Sprint (S)
Notable insider buying activity was revealed in Sprint shares in a form 4 document filed with the SEC today, showing — Softbank Group Corp, 10% Owner — purchased 4,282,600 shares in the company having a net market value of approximately $25,031,797. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 43,327,599 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 47,610,199 shares and have averaged 23,805,100 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Sprint is higher than the 38-company peer group average. Wireless Telecommunications Services peer group saw 38 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 43,798,533 shares purchased and 88,833 shares sold with company insiders acquiring 3,122,121 shares on average.
The data obtained 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.
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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