Wednesday, January 17, 2018 10:15 PM ET
Sprint (S) sees Significant Insider buy Extending Trend of purchases over Last Quarter
There was a significant insider buying activity in Sprint shares today as revealed in a filing with the SEC. One insider — Softbank Group Corp, 10% Owner — purchased 6,149,090 shares in the company having a net market value of approximately $34,928,640. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 72,903,965 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 79,053,055 shares and have averaged 39,526,528 shares per transaction over this time period.
The number of insider buy/sell trades at Sprint is above the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 55 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 73,444,566 shares purchased and 163,518 shares sold with company insiders acquiring 3,330,957 shares on average.
The data sourced in evaluating 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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