Tuesday, October 24, 2017 10:15 PM ET
Insider Selling in Cooper-Standard Holdings (CPS) Shares Continues
A filing with the SEC today revealed a significant insider sale of Cooper-Standard Holdings shares as — Silver Point Capital Lp, 10% Owner — sold 11,000 shares in the company having a market value of approximately $1,228,700. 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 110,365 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 121,365 shares and have averaged 30,341 shares per transaction over this time period.
Insider buy/sell trading at Cooper-Standard Holdings is greater than the 31 peer company average over the last 90-day period. The Auto, Truck & Motorcycle Parts peer group saw 37 buy/sell trades during this period for an average of 1.2 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 334,577 shares sold with company insiders selling 7,242 shares on average.
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 creating and writing this story.
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