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Continued Level of Significant Insider Selling at Tenneco (TEN)

· 02/04/2021 17:26

10:19 PM EST, 02/04/2021 (MT Newswires) -- A notable insider sale of the shares of Tenneco was revealed in a form 4 document filed with the SEC today, showing -- Carl C Icahn, 10% Owner -- disposed of 372,091 shares in the company having a market value of approximately $4,037,639. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 22,623 company shares and the sale of 3,443,293 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,792,761 shares and have averaged 1,279,336 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Tenneco is higher than the 36-company peer group average. Auto, Truck & Motorcycle Parts peer group saw 36 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Tenneco insiders was also higher. Within the peer group there were 141,954 shares purchased and 3,977,348 shares sold with company insiders disposing of 106,539 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 evaluate and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.