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Insider Trends: 90-Day Insider Buying Trend at Verizon Interrupted with Sale of Shares

05/12/2021 04:14

08:00 AM EDT, 05/12/2021 (MT Newswires) -- Kumara Guru Gowrappan, EVP and Group CEO-Vz Media, on May 10, 2021, sold 43,238 shares in Verizon (VZ) for $2,569,202. Gowrappan, following the transactions delineated in the Form 4 SEC filing, owns 14,077 shares of the company, with a market value, based on the prior-day closing price, of $824,067.

During the most recent 90-day period, previous to the date of this filing, there have been 61 insider transactions reported to the SEC for Verizon. These transactions came from the activities of 10 separate insiders that resulted in a net acquisition of 167,693 company shares. This compares with the preceding 90-day window of time where there were 4 transactions from 2 insiders which resulted in the net acquisition of 50,052 shares.

This level of insider transactions is higher than the peer group average for the 73-company Integrated Telecommunications Services peer group over the last 90-day period. Activity in the peer group averaged 33.9 transactions per company, and disposition by insiders of 21,620 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/732712/000106299321004423/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.