Friday, February 23, 2018 10:15 PM ET
Significant Insider Selling in Shares of Activision Blizzard
There was a significant insider sale of Activision Blizzard shares today, as indicated in a filing with the SEC as — Brian G Kelly, Director — sold 1,700,000 shares in the company having a market value of approximately $120,104,002 This is the first insider buy/sell trade in the past 90 days.
Activision Blizzard level of buy-sell trading activity is close to the 13 member peer company average. The Internet Gaming peer group saw 9 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Activision Blizzard insiders is higher. Within the peer group there were 1,243,500 shares purchased and 8,023,014 shares sold with company insiders disposing of 753,279 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.
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