Thursday, January 04, 2018 10:15 PM ET
Significant Insider purchase of Sprint (S) Shares Extends the Buying Trend of Last Quarter
One insider — Softbank Group Corp, 10% Owner — today, acquired 4,301,182 shares of Sprint having a market value of approximately $25,635,045, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 51,853,651 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 56,154,833 shares and have averaged 28,077,417 shares per transaction over this time period.
The number of insider buy/sell trades at Sprint is greater than the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 41 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 52,330,988 shares purchased and 76,310 shares sold with company insiders purchasing 3,732,477 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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