Monday, January 08, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Sprint (S) Shares Extends the Trend of Last 90 Days
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 — acquired 5,161,418 shares in the company having a net market value of approximately $29,299,650. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 56,154,833 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 61,316,251 shares and have averaged 30,658,126 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 42 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 56,632,170 shares purchased and 76,310 shares sold with company insiders acquiring 4,039,704 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.
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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