Monday, March 05, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at Pinnacle West Capital (PNW)
One Pinnacle West Capital insider Donald E Brandt, Director and Officer, today, sold 39,083 shares having a market value of approximately $3,018,266, as disclosed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 45,716 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 84,799 shares and have averaged 16,960 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Pinnacle West Capital is above the 70-company peer group average. Electric Utilities peer group saw 60 buy/sell trades during this period for an average of 0.9 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 128,116 shares purchased and 374,246 shares sold with company insiders having sold 4,102 shares on average.
The data used in composing 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.
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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