Friday, January 19, 2018 10:15 PM ET
Sprint (S) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
One insider — Softbank Group Corp, 10% Owner — today, bought 1,011,959 shares of Sprint having a market value of approximately $5,575,894, 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 purchase of 79,053,055 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 80,065,014 shares and have averaged 40,032,507 shares per transaction over this time period.
The level of buy/sell trading at Sprint is is above the 38 peer company average over the last 90-day period. The Wireless Telecommunications Services peer group saw 56 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Sprint insiders was also higher. Within the peer group there were 79,593,656 shares purchased and 163,518 shares sold with company insiders acquiring 3,610,461 shares on average.
To bring into focus 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 in data obtained to evaluate and write this story.
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