Significant Insider Selling in Shares of Garmin (GRMN) Continues

Wednesday, September 13, 2017 10:15 PM ET

Significant Insider Selling in Shares of Garmin (GRMN) Continues

There was a significant sale of shares of Garmin by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Jonathan Burrell, 10% Owner — sold 253,000 shares in the company having a market value of approximately $13,189,074. 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 370,903 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 623,903 shares and have averaged 124,781 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Garmin is greater than the 10-company peer group average. Communication & Satellite Equipment peer group saw 8 buy/sell trades during this period for an average of 0.8 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 370,903 shares sold with company insiders disposing of 13,738 shares on average.

In determining significant insider buying and selling, 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 evaluate and write 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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