Wednesday, August 02, 2017 10:15 PM ET
Insider Selling in General Motors (GM) Shares Continues
There was a substantial sale of shares of General Motors by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Daniel Ammann, Officer — disposed of 40,000 shares in the company having a market value of approximately $1,440,000. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,520 company shares and the sale of 226,413 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 264,893 shares and have averaged 29,770 shares per transaction over this time period.
The level of buy/sell trading at General Motors is is higher than the 20 peer company average over the last 90-day period. The Auto & Truck Manufacturers peer group saw 11 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for General Motors insiders was also higher. Within the peer group there were 1,520 shares purchased and 301,413 shares sold with company insiders selling 27,263 shares on average.
The data sourced in creating and writing in this story eliminates 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.
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