Thursday, November 09, 2017 10:15 PM ET
Insider Sale at Garmin (GRMN) Continues Selling Trend
One Garmin insider Jonathan Burrell, 10% Owner, today, sold 253,000 shares having a market value of approximately $14,999,705, as indicated in a form 4 document filed with the SEC. 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 750,433 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,003,433 shares and have averaged 200,687 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Garmin is above the 11-company peer group average. Communication & Satellite Equipment peer group saw 10 buy/sell trades during this period for an average of 0.9 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 750,433 shares sold with company insiders having sold 74,943 shares on average.
In order to focus on 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 data used to evaluate and write this story.
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