Wednesday, January 17, 2018 10:15 PM ET
Nasdaq (NDAQ) sees Significant Insider Selling Continuing
One Nasdaq insider — Bradley J Peterson, Officer — today, sold 19,169 shares having a market value of approximately $1,546,847, 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 sale of 3,460 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 22,629 shares and have averaged 11,315 shares per transaction over this time period.
The level of buy-sell trades at Nasdaq is close to that of the 13 member peer company average. The Financial & Commodity Market Operators & Service Providers (NEC) peer group saw 29 buy/sell trades during this period for an average of 2.2 transactions per company. However, trading at Nasdaq represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 492,662 shares sold with company insiders selling 16,988 shares on average over this time period.
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.
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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