Wednesday, January 10, 2018 10:15 PM ET
T-Mobile US (TMUS) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
A substantial level of insider sales in T-Mobile US was revealed in form 4 documents filed with the SEC today. Two insiders — J Braxton Carter II, Officer, and Peter A Ewens, Officer — disposed of 25,000 shares in the company having a market value of approximately $1,639,841. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 34,310 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 59,310 shares and have averaged 11,862 shares per transaction over this time period.
The number of insider buy/sell trades at T-Mobile US is above that of 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. However, the number of shares traded per transaction by T-Mobile US insiders is lower than its peers. Within the peer group there were 61,849,720 shares purchased and 138,518 shares sold with company insiders purchasing 2,938,629 shares on average over this time period.
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 obtained to evaluate and write this story.
Today’s Insider Activity
* J Braxton Carter II, Officer, sold 15,000 shares
* Peter A Ewens, Officer, sold 10,000 shares
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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