Insider Selling at Apple (AAPL) Continues with Significant Sale

Tuesday, January 09, 2018 10:15 PM ET

Insider Selling at Apple (AAPL) Continues with Significant Sale

There was a notable insider sale of Apple shares today, as indicated in a filing with the SEC as — Daniel J Riccio, Officer — disposed of 15,641 shares in the company having a market value of approximately $2,733,800 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 107,011 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 122,652 shares and have averaged 30,663 shares per transaction over this time period.

The number of insider buy/sell trades at Apple is above the 24 peer company average over the last 90-day period. The Computer Hardware peer group saw 31 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Apple insiders was also higher. Within the peer group there were 22,247 shares purchased and 528,944 shares sold with company insiders disposing of 16,345 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to compose and write this story.

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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