Tuesday, November 07, 2017 10:15 PM ET
Significant Insider Selling Continues at Garmin (GRMN)
A SEC filing today indicated a substantial insider sale of Garmin shares as — Jonathan Burrell, 10% Owner — sold 127,000 shares in the company having a market value of approximately $7,535,405. There have been 4 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 623,433 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 750,433 shares and have averaged 150,087 shares per transaction over this time period.
The level of buy/sell trading at Garmin is is greater than the 11 peer company average over the last 90-day period. The Communication & Satellite Equipment peer group saw 9 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Garmin insiders was also higher. Within the peer group there were 1,000 shares purchased and 623,433 shares sold with company insiders disposing of 69,159 shares on average.
To bring into focus 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 in data sourced to create and write this story.
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