Thursday, January 25, 2018 10:15 PM ET
Insider at Charles Schwab (SCHW) Makes Significant Sale of Stock
One Charles Schwab insider Charles R Schwab, 10% Owner, Director and Officer, today, disposed of 240,000 shares having a market value of approximately $13,076,664, as indicated in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 72,510 company shares and the disposition of 1,312,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,480,340 shares and have averaged 270,893 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Charles Schwab is higher than the 15-company peer group average. 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 1,899,623 shares sold with company insiders selling 73,085 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 sourced in composing 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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