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Insider Trends: Insider Sales Continue 90-Day Trend at CIT Group

· 02/05/2021 11:44

04:39 PM EST, 02/05/2021 (MT Newswires) -- Steve Solk, President, Consumer Banking, on Feb 04, 2021, reported a sale of 11,000 shares in CIT Group (CIT) for $453,483. After the Form 4 filing with the SEC, Solk owns 33,092 company shares, with a market value, based on the prior-day closing price, of $1.35 million.

Over the last 90 days, previous to the date of this filing, there have been 11 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 35,666 company shares by insiders. This compares with the preceding 90-day window of time where there were 11 transactions from 11 insiders and resulted in the net acquisition of 60,037 shares.

This is a lower level of transactions than the peer group average in the 394-company Banks peer group over the last 90-day period. Within the peer group activity averaged 97.0 transactions per company, with company insiders acquiring on average 7,237 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1171825/000112760221004182/xslF345X03/form4.xml

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.