Wednesday, January 10, 2018 10:15 PM ET
Insider at Sprint (S) Makes Significant purchase of Stock Extends the Trend of Last Quarter
An insider — Softbank Group Corp, 10% Owner — bought 5,348,176 shares of Sprint having a market value of approximately $31,135,298 today, as revealed 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 61,316,251 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 66,664,427 shares and have averaged 33,332,214 shares per transaction over this time period.
The level of buy/sell trading at Sprint is is above the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 50 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 61,849,720 shares purchased and 138,518 shares sold with company insiders acquiring 2,938,629 shares on average.
The data used 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.
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