Thursday, March 01, 2018 10:15 PM ET
Significant Insider Sales in Shares of Citigroup (C)
There was a substantial level of insider selling revealed today in filings with the SEC for Citigroup. Five insiders — Forese, Callahan, Murray, Hu, and Fraser — sold 57,276 shares in the company for approximately $4,424,950. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 11,455 shares per transaction.
In relation to the peer group over the last 90 days, insider buy/sell trading at Citigroup is above the 346-company peer group average. Banks peer group saw 418 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Citigroup insiders was also higher. Within the peer group there were 293,099 shares purchased and 2,557,893 shares sold with company insiders having sold 5,418 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 used to compose and write this story.
Today’s Insider Activity
* James A Forese, Officer, sold 6,466 shares
* Don Callahan, Officer, sold 7,000 shares
* Joseph Michael Murray, Officer, sold 3,400 shares
* W Bradford Hu, Officer, sold 8,010 shares
* Jane Nind Fraser, Officer, sold 32,400 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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