Insider buy at Sprint (S) Extends the Trend of purchases over Last Quarter

Friday, January 12, 2018 10:15 PM ET

Insider buy at Sprint (S) Extends the Trend of purchases over Last Quarter

An insider — Softbank Group Corp, 10% Owner — purchased 6,239,538 shares of Sprint having a market value of approximately $35,565,367 today, 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 66,664,427 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 72,903,965 shares and have averaged 36,451,983 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Sprint is higher than the 38-company peer group average. Wireless Telecommunications Services peer group saw 53 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 67,197,896 shares purchased and 163,518 shares sold with company insiders purchasing 3,047,017 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate 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.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.