Friday, September 29, 2017 10:15 PM ET
Cooper-Standard Holdings (CPS) sees Significant Insider Selling Continuing
One insider — Silver Point Capital Lp, 10% Owner — today, sold 62,000 shares of Cooper-Standard Holdings having a market value of approximately $7,233,401, as disclosed 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 151,365 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 213,365 shares and have averaged 53,341 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Cooper-Standard Holdings is greater than the 31-company peer group average. Auto, Truck & Motorcycle Parts peer group saw 31 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Cooper-Standard Holdings insiders was also higher. Within the peer group there were 66,607 shares purchased and 340,814 shares sold with company insiders having sold 8,845 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 create and write this story.
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