Monday, January 29, 2018 10:15 PM ET
Insider at Charles Schwab (SCHW) Makes Significant Sale of Stock
A SEC filing today revealed a significant insider sale of Charles Schwab shares as — Charles R Schwab, 10% Owner, Director and Officer — disposed of 240,000 shares in the company having a market value of approximately $12,966,096. 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 1,552,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,720,340 shares and have averaged 310,893 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Charles Schwab is greater than the 15-company peer group average. Investment Banking & Brokerage Services peer group saw 26 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 2,139,623 shares sold with company insiders selling 79,504 shares on average.
The data sourced in composing and writing in this story eliminates 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.
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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