Insider Selling at Altaba (AABA) Continues with Significant Sale

Monday, January 22, 2018 10:15 PM ET

Insider Selling at Altaba (AABA) Continues with Significant Sale

A SEC filing today indicated a substantial insider sale of Altaba shares as — TCI Fund Management Ltd, 10% Owner — disposed of 1,214,000 shares in the company having a market value of approximately $90,082,327. 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 disposition of 10,860 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,224,860 shares and have averaged 408,287 shares per transaction over this time period.

Insider buy/sell trading at Altaba is greater than the 141 peer company average over the last 90-day period. The Closed End Funds peer group saw 177 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Altaba insiders was also higher. Within the peer group there were 10,202,539 shares purchased and 90,595 shares sold with company insiders purchasing 140,444 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data used in evaluating and writing 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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