Thursday, September 21, 2017 10:15 PM ET
Significant Insider Selling in Shares of Gap (GPS) Continues
An insider — William Sydney Fisher, 10% Owner and Director — sold 666,849 shares of Gap having a market value of approximately $18,665,244 today, as revealed in a form 4 document filed with the SEC. There have been 3 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 9,833 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 676,682 shares and have averaged 169,171 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Gap is above the 25-company peer group average. Apparel & Accessories Retailers peer group saw 30 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Gap insiders was also higher. Within the peer group there were 3,171,793 shares purchased and 76,218 shares sold with company insiders having bought 140,708 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data used to compose and write this story.
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