Insider at Garmin (GRMN) Makes Significant Sale of Stock

Tuesday, September 12, 2017 10:15 PM ET

Insider at Garmin (GRMN) Makes Significant Sale of Stock

One insider — Jonathan Burrell, 10% Owner — today, sold 127,000 shares of Garmin having a market value of approximately $6,635,255, as indicated in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 243,903 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 370,903 shares and have averaged 74,181 shares per transaction over this time period.

Garmin insider trading represents a higher number of buy/sell trades than for the 10 peer company average over the last 90-day period. The Communication & Satellite Equipment peer group saw 7 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Garmin insiders was also higher. Within the peer group there were 261,000 shares purchased and 243,903 shares sold with company insiders purchasing 2,850 shares on average.

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 creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, 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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