Insider Trends: Discovery Insider Continues 90-Day Selling Trend

06:18 PM EDT, 06/04/2021 (MT Newswires) -- Dr John C Malone, 10% Owner and Director, sold 405,000 shares of Discovery (DISCA) on Jun 03, 2021, for $11,944,757. Subsequent to the Form 4 filing with the SEC, Dr Malone controls a total of 11,786,362 shares of company stock, with 3,652,000 shares held directly and 8,134,362 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $373 million.

During the most recent 90-day period, prior to the date of this filing, there have been 12 insider transactions reported to the SEC for Discovery. These transactions came from the activities of 8 different insiders that resulted in a net acquisition of 86,940 company shares. Relative to the preceding 90-day window of time, there were 64 transactions from 12 insiders which resulted in the net disposition of 218,151 shares.

This level of insider transactions is lower than the peer group average in the 15-company Television Broadcasting peer group over the last 90-day period. Peer group activity averaged 189.7 transactions per company, and disposition of 321,842 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1437107/000143710721000122/xslF345X03/wf-form4_162284498246624.xml

[Disclaimer]
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.