Tuesday, January 16, 2018 10:15 PM ET
Insider Sale at Group 1 Automotive (GPI) Continues Selling Trend
There was a significant insider sale of Group 1 Automotive shares today, as indicated in a filing with the SEC as — Earl J Hesterberg, Director and Officer — disposed of 20,000 shares in the company having a market value of approximately $1,650,735 There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 220,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 240,928 shares and have averaged 30,116 shares per transaction over this time period.
The number of insider buy/sell trades at Group 1 Automotive is above the 4 peer company average over the last 90-day period. The New Car Dealers peer group saw 28 buy/sell trades during this period for an average of 7.0 transactions per company. The number of shares per buy/sell trade for Group 1 Automotive insiders was also higher. Within the peer group there were 35 shares purchased and 284,646 shares sold with company insiders having sold 10,165 shares on average.
The data sourced 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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