Thursday, August 31, 2017 10:15 PM ET
Avis Budget Group (CAR) Insiders Make Significant Share Sales
A significant level of insider sales in Avis Budget Group was disclosed in form 4 documents filed with the SEC today. Two insiders — Mark J Servodidio, Officer, and Edward P Linnen, Officer — disposed of 32,000 shares in the company having a market value of approximately $1,154,300. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 16,000 shares per transaction.
In relation to the peer group over the last 90 days, insider buy/sell trading at Avis Budget Group is above the 5-company peer group average. Passenger Car rental peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Avis Budget Group insiders was also higher. Within the peer group there were 5,000 shares purchased and 0 shares sold with company insiders having bought 5,000 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
Today’s Insider Activity
* Mark J Servodidio, Officer, sold 29,000 shares
* Edward P Linnen, Officer, sold 3,000 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.
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