Continued Level of Significant Insider Selling at Credit Acceptance (CACC)

Wednesday, December 27, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Credit Acceptance (CACC)

There was a notable sale of shares of Credit Acceptance by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Jill Foss Watson, 10% Owner — disposed of 17,075 shares in the company having a market value of approximately $5,577,339. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 103,607 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 120,682 shares and have averaged 60,341 shares per transaction over this time period.

The number of insider buy/sell trades at Credit Acceptance is greater than the 7 peer company average over the last 90-day period. The Consumer Leasing peer group saw 3 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Credit Acceptance insiders was also higher. Within the peer group there were 0 shares purchased and 103,607 shares sold with company insiders selling 34,536 shares on average.

The data obtained in evaluating 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.

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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