Thursday, March 01, 2018 10:15 PM ET
Significant Insider Selling Continues at State Street (STT)
A SEC filing today disclosed a notable insider sale of State Street shares as — Andrew P Kuritzkes, Officer — disposed of 10,248 shares in the company having a market value of approximately $1,108,574. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 108,035 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 118,283 shares and have averaged 16,898 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at State Street is above its 31-company peer group average. The Investment Management & Fund Operators peer group saw 45 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by State Street insiders is lower than its peers. Within the peer group there were 40,008 shares purchased and 1,101,760 shares sold with company insiders disposing of 23,594 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write 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.
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