Monday, October 30, 2017 10:15 PM ET
Group 1 Automotive (GPI) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was a notable level of net share sales at Group 1 Automotive today, as disclosed in filings with the SEC. Two insiders — John C Rickel, Officer, and Darryl M Burman, Officer — disposed of 30,000 shares in the company having a market value of approximately $2,397,473. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 10,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 40,000 shares and have averaged 13,333 shares per transaction over this time period.
The number of insider buy/sell trades at Group 1 Automotive is lower than that of the 4 peer company average over the last 90-day period. However, shares per average transaction for Group 1 Automotive insider buy-sell trading in near that of the New Car Dealers peer group of companies. Within this peer group there were 0 shares purchased and 217,724 shares sold resulting in an average of 12,807 shares traded and netting out with company insiders having sold 12,807 shares on average.
The data obtained in composing and writing in this story eliminates 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.
Today’s Insider Activity
* John C Rickel, Officer, sold 20,000 shares
* Darryl M Burman, Officer, sold 10,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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