Finance

Are Sprint Corporation (S)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Sprint Corporation (NYSE:S) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of S, the data has a lot to say about how the stock might perform going forward.

Institutions own 14.93% of Sprint Corporation (S)’s shares. The total value of these holdings, in millions, is $3,429. Among active positions in the latest quarter, 133 holders increased their positions by a total of 28.02 million shares, 168 holders decreased the positions by a total of 31.69 million shares, and 85 holders held their positions. This works out to a net decrease in ownership of 3.68 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 33 holders initiated new positions by a total of 5.38 million shares and 49 holders exited their positions by a total of 3.47 million shares. This nets out to an increase of 1.91 million shares and is a bullish sign for S.

In the last three months, insiders executed a total of 17 trades. 13 of these were buys and 4 were sells. Insider ownership increased by a total of 23.75 million shares, which suggests that S’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 39 buys and 10 sells, and ownership increased by a net of 26.15 million shares.



The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Sprint Corporation (NYSE:S)’s short interest is 102.17 million shares, or 15.31% of the float. This represents an increase of 7% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that S is a Strong sell, which implies that S is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Sprint Corporation (NYSE:S) is overvalued.

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