Wednesday, February 21, 2018 10:15 PM ET
Insider Selling in Alliance Data System (ADS) Shares Continues
There was a notable insider sale of Alliance Data System shares today, as revealed in a filing with the SEC as — Edward J Heffernan, Director and Officer — sold 25,369 shares in the company having a market value of approximately $6,212,995 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,128 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 27,497 shares and have averaged 13,749 shares per transaction over this time period.
Alliance Data System insider trading represents a higher number of buy/sell trades than for the 74 peer company average over the last 90-day period. However, the number of shares per average transaction for Alliance Data System insider buy-sell trading is very close to the average of the Business Support Services peer group of companies. This peer group saw 24,559 shares purchased and 603,153 shares sold resulting in an average of 14,266 shares traded and netting out with company insiders having sold 13,150 shares on average.
The data sourced in creating 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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