Continued Level of Significant Insider Selling at Charles Schwab (SCHW)

Wednesday, January 24, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Charles Schwab (SCHW)

An insider — Charles R Schwab, 10% Owner, Director and Officer — disposed of 240,000 shares of Charles Schwab having a market value of approximately $13,230,744 today, as disclosed in a form 4 document filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 72,510 company shares and the disposition of 1,079,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,247,340 shares and have averaged 198,909 shares per transaction over this time period.

Charles Schwab insider trading represents a higher number of buy/sell trades than for the 15 peer company average over the last 90-day period. The Investment Banking & Brokerage Services peer group saw 25 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Charles Schwab insiders was also higher. Within the peer group there were 72,510 shares purchased and 1,666,623 shares sold with company insiders disposing of 63,765 shares on average.

Insider buying and selling activity that is significant 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 creating 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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