Friday, September 15, 2017 10:15 PM ET
Significant Insider Selling in Shares of General Motors (GM) Continues
An insider — Daniel Ammann, Officer — disposed of 50,000 shares of General Motors having a market value of approximately $1,900,000 today, as disclosed in a form 4 document filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 25,800 company shares and the sale of 108,255 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 132,455 shares and have averaged 20,451 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at General Motors is above its 20-company peer group average. The Auto & Truck Manufacturers peer group saw 14 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by General Motors insiders is lower than its peers. Within the peer group there were 28,800 shares purchased and 371,694 shares sold with company insiders selling 24,492 shares on average over this time period.
Insider buying and selling activity that is significant 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 evaluating and writing this story.
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