Friday, February 23, 2018 10:15 PM ET
Crown Castle International (CCI) sees Significant Insider Sales Extending the Trend of Last Quarter
There was a significant level of insider selling reported today in filings with the SEC for Crown Castle International. Two insiders — Jay A Brown, Director and Officer, and Kenneth Jay Simon, Officer — disposed of 18,693 shares in the company for approximately $2,027,193. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 3,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 22,193 shares and have averaged 7,398 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Crown Castle International is above the 18-company peer group average. Specialized REITs peer group saw 8 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Crown Castle International insiders was also higher. Within the peer group there were 3,228 shares purchased and 28,084 shares sold with company insiders selling 3,107 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to create and write this story.
Today’s Insider Activity
* Jay A Brown, Director and Officer, sold 18,000 shares
* Kenneth Jay Simon, Officer, sold 693 shares
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