Friday, January 05, 2018 10:15 PM ET
Insider Selling in General Motors (GM) Shares Continues
An insider sold 30,000 shares of General Motors having a market value of approximately $1,292,700 today, as indicated 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 10,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 40,000 shares and have averaged 20,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at General Motors is greater than its 25-company peer group average. The Auto & Truck Manufacturers peer group saw 8 buy/sell trades during this period for an average of 0.3 transactions per company. However, the number of shares traded per transaction by General Motors insiders is lower than its peers. Within the peer group there were 0 shares purchased and 32,570,719 shares sold with company insiders disposing of 4,071,340 shares on average over this time period.
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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