Tuesday, January 02, 2018 10:15 PM ET
Significant Insider purchase of Sprint (S) Shares Extends the Buying Trend of Last Quarter
There was a significant insider purchase in Sprint shares today as revealed in a filing with the SEC. One insider — Softbank Group Corp, 10% Owner — bought 4,243,452 shares in the company having a net market value of approximately $25,185,475. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 47,610,199 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 51,853,651 shares and have averaged 25,926,826 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Sprint is greater than the 38-company peer group average. Wireless Telecommunications Services peer group saw 39 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 48,081,133 shares purchased and 88,833 shares sold with company insiders having bought 3,428,021 shares on average.
The data used 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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