Thursday, March 01, 2018 10:15 PM ET
Significant Insider Sales Reported in Shares of Pinnacle West Capital (PNW) Extending the Trend of Last Quarter
Pinnacle West Capital, today, saw two insiders — James R Hatfield, Officer, and Lee R Nickloy, Officer — sell 17,000 shares having a market value of approximately $1,357,410, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 28,716 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 45,716 shares and have averaged 11,429 shares per transaction over this time period.
Insiders at Pinnacle West Capital have a higher number of buy/sell transactions than the 70-peer company average over the last 90-day period. The Electric Utilities peer group saw 58 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Pinnacle West Capital insiders was also higher. Within the peer group there were 138,030 shares purchased and 336,898 shares sold with company insiders disposing of 3,429 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 used to compose and write this story.
Today’s Insider Activity
* James R Hatfield, Officer, sold 15,000 shares
* Lee R Nickloy, Officer, sold 2,000 shares
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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