Significant Insider Selling Reported in Shares of Dana (DAN)

Wednesday, November 01, 2017 10:15 PM ET

Significant Insider Selling Reported in Shares of Dana (DAN)

One insider — Mark E Wallace, Officer — today, sold 36,603 shares of Dana having a market value of approximately $1,086,377, as indicated in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

The number of buy-sell trades for Dana is close to that of the 31 member peer company average. The Auto, Truck & Motorcycle Parts peer group saw 37 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares per buy/sell trade transacted by Dana insiders is higher. Within the peer group there were 66,607 shares purchased and 344,337 shares sold with company insiders disposing of 7,506 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 obtained to evaluate and write this story.

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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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