[Updated May 20, 2013.] Gross insider activity in LVLT stock has totaled $195,418 over the past 30 days, composed entirely of purchases. On a net basis, insiders have been net buyers of Level 3 Communications shares in the past 30 days, to the tune of $195,418, or 0.0046% of the company's market capitalization. This compares to monthly averages of $3 million and $2.4 million for gross and net insider activity, respectively, over the past year.

The last reported insider transaction was filed on April 30, when Peter H. Van Oppen, a director of the firm acquired a net 10,000 shares worth a total of $195,418.

LVLT does business in the Technology sector. Industry peers include Ncr Corporation (NCR), Windstream Corporation (WIN), and Molex Incorporated (MOLX).Activity in Level 3 Communications shares is extremely high as a share of market capitalization relative to sector peers that have also experienced insider activity in the past 30 days. This is consistent with relative activity measured over the past 12 months.

Level 3 Communications operates in the Diversified Communication Services sub-sector, and competes with firms such as Neustar (NSR), Telecom Argentina Stet - France Telecom Sa (TEO) and Digitalglobe (DGI). Activity in Level 3 Communications shares is extremely high as a share of market capitalization relative to sector peers that have also experienced insider activity in the past 30 days. This is consistent with relative activity measured over the past 12 months.