Insider Sales at General Motors (GM) are Significant and Extend the Selling Trend of Last Quarter

Tuesday, August 01, 2017 10:15 PM ET

Insider Sales at General Motors (GM) are Significant and Extend the Selling Trend of Last Quarter

Two insiders — Thomas S Timko, Officer, and Charles K Stevens III, Officer — disposed of 33,255 shares of General Motors having a market value of approximately $1,190,356, today, as disclosed in form 4 documents filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 1,520 company shares and the sale of 193,158 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 224,893 shares and have averaged 25,326 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at General Motors is above its 20-company peer group average. The Auto & Truck Manufacturers peer group saw 9 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares traded per transaction by General Motors insiders is lower than its peers. Within the peer group there were 1,520 shares purchased and 268,158 shares sold with company insiders disposing of 29,626 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in evaluating and writing this story.

Today’s Insider Activity
* Thomas S Timko, Officer, sold 17,255 shares

* Charles K Stevens III, Officer, sold 16,000 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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