Thursday, September 14, 2017 10:15 PM ET
Avis Budget Group (CAR) Insider Makes Significant Share Sale
A notable insider sale of the shares of Avis Budget Group was indicated in a form 4 document filed with the SEC today, showing — Ronald L Nelson, Director and Officer — sold 150,000 shares in the company having a market value of approximately $5,595,000. 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 34,800 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 184,800 shares and have averaged 36,960 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Avis Budget Group is greater than the 5-company peer group average. Passenger Car rental peer group saw 6 buy/sell trades during this period for an average of 1.2 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 34,800 shares sold with company insiders disposing of 4,967 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 sourced to compose and write this story.
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