Insider Sale at JPMorgan Chase & Co (JPM) Deemed Significant, Slowing 90 Buy Trend in Shares

Friday, January 19, 2018 10:15 PM ET

Insider Sale at JPMorgan Chase & Co (JPM) Deemed Significant, Slowing 90 Buy Trend in Shares

A notable insider sale of the shares of JPMorgan Chase & Co was indicated in a form 4 document filed with the SEC today, showing — Peter Scher, Officer — disposed of 26,532 shares in the company having a market value of approximately $3,009,376. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 9,507 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 17,025 shares and have averaged 18,020 shares per transaction over this time period.

The number of insider buy/sell trades at JPMorgan Chase & Co is above that of the 344 peer company average over the last 90-day period. The Banks peer group saw 380 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by JPMorgan Chase & Co insiders is lower than its peers. Within the peer group there were 193,505 shares purchased and 14,193,646 shares sold with company insiders disposing of 36,842 shares on average over this time period.

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 used 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.

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