Southern Copper (SCCO) director logs open-market sale of 100 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Copper Corp. director Luis Miguel Palomino Bonilla sold 100 shares of Common Stock in an open-market sale at $178.20 per share. After this transaction, he directly holds 2,007 shares, indicating a relatively small reduction in his overall reported position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100 shares ($17,820)
Net Sell
1 txn
Insider
PALOMINO BONILLA LUIS MIGUEL
Role
null
Sold
100 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100 | $178.20 | $18K |
Holdings After Transaction:
Common Stock — 2,007 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 100 shares
Sale price: $178.20 per share
Shares held after sale: 2,007 shares
3 metrics
Shares sold
100 shares
Open-market sale of Common Stock
Sale price
$178.20 per share
Price for the 100 shares sold
Shares held after sale
2,007 shares
Direct holdings following the transaction
Key Terms
open-market sale, Common Stock, Form 4, transaction code "S"
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "S" financial
""transaction_code": "S""
FAQ
What insider transaction did SCCO director Luis Miguel Palomino Bonilla report?
Luis Miguel Palomino Bonilla reported an open-market sale of 100 shares of Southern Copper Corp. Common Stock. The transaction occurred at a price of $178.20 per share, reflecting a modest adjustment to his direct equity position in the company.
Was the SCCO insider transaction a purchase or a sale?
The Southern Copper Corp. insider transaction was a sale, not a purchase. Luis Miguel Palomino Bonilla conducted an open-market sale of 100 Common Stock shares, as indicated by transaction code "S" and the description of a sale in the filing data.
Does this SCCO Form 4 filing involve derivative securities or only Common Stock?
This Form 4 filing for Southern Copper Corp. involves only Common Stock transactions. The reported activity is a non-derivative open-market sale of 100 shares, and the derivative summary section shows no derivative positions or exercises associated with this specific report.