Significant Sale Slows Insider Buying Trend over Last Quarter in IBM (IBM)

Monday, February 26, 2018 10:15 PM ET

Significant Sale Slows Insider Buying Trend over Last Quarter in IBM (IBM)

A SEC filing today revealed a notable insider sale of IBM shares as — Erich Clementi, Officer — sold 13,000 shares in the company having a market value of approximately $2,010,518. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 610 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 12,390 shares and have averaged 6,805 shares per transaction over this time period.

The number of insider buy/sell trades at IBM is above that of the 162 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 221 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by IBM insiders is lower than its peers. Within the peer group there were 639,219 shares purchased and 2,243,901 shares sold with company insiders disposing of 7,261 shares on average over this time period.

Insider buying and selling activity that is significant 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 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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