Thursday, December 28, 2017 10:15 PM ET
Significant Insider Selling in Shares of Credit Acceptance (CACC) Continues
One Credit Acceptance insider — Jill Foss Watson, 10% Owner — today, sold 35,318 shares having a market value of approximately $11,518,442, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 120,682 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 156,000 shares and have averaged 78,000 shares per transaction over this time period.
Credit Acceptance insider trading represents a level of buy/sell trades that is above for the 7 peer company average over the last 90-day period. The Consumer Leasing peer group saw 4 buy/sell trades during this period for an average of 0.6 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 120,682 shares sold with company insiders disposing of 30,171 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in creating and writing this story.
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