Wednesday, January 24, 2018 10:15 PM ET
Schlumberger (SLB) sees Significant Insider Selling
One insider — Simon Ayat, Officer — today, sold 75,000 shares of Schlumberger having a market value of approximately $5,914,500, as indicated in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
Over the last 90 days, the number of insider buy/sell trades at Schlumberger is less than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 87 buy/sell trades during this period for an average of 1.5 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 478,829 shares purchased and 15,878,139 shares sold with company insiders disposing of 177,004 shares on average over this time period.
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 sourced 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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