Monday, March 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of General Motors (GM) Continues
There was a notable sale of shares of General Motors by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — UAW Retiree Medical Benefits Trust, Director — sold 40,000,000 shares in the company having a market value of approximately $1,588,400,000. There have been 2 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 38,461 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 40,038,461 shares and have averaged 13,346,154 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at General Motors is above the 25-company peer group average. Auto & Truck Manufacturers peer group saw 4 buy/sell trades during this period for an average of 0.2 transactions per company. The number of shares per buy/sell trade for General Motors insiders was also higher. Within the peer group there were 9,000 shares purchased and 38,461 shares sold with company insiders having sold 7,365 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
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