Wednesday, March 07, 2018 10:15 PM ET
Significant Insider Selling in Shares of Gap (GPS) Continues
A filing with the SEC today revealed a notable insider sale of Gap shares as — John J Fisher, 10% Owner — sold 500,000 shares in the company having a market value of approximately $17,216,000. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 5,000 company shares and the disposition of 11,301 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 506,301 shares and have averaged 129,075 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Gap is above the 25-company peer group average. Apparel & Accessories Retailers peer group saw 15 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Gap insiders was also higher. Within the peer group there were 18,350 shares purchased and 262,900 shares sold with company insiders disposing of 16,303 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 sourced to compose and write this story.
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