PNC Financial Services Group (PNC) sees Significant Insider Selling Continuing

Friday, January 19, 2018 10:15 PM ET

PNC Financial Services Group (PNC) sees Significant Insider Selling Continuing

There was a notable sale of shares of PNC Financial Services Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Michael J Hannon, Officer — sold 8,011 shares in the company having a market value of approximately $1,235,280. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 14,505 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 22,516 shares and have averaged 7,505 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at PNC Financial Services Group is higher than its 344-company peer group average. 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 PNC Financial Services Group 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 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 sourced to compose 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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