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Insider Selling in Dana (DAN) Shares Continues

05/07/2021 18:25

10:19 PM EDT, 05/07/2021 (MT Newswires) -- A filing with the SEC today indicated a substantial insider sale of Dana shares as -- Aziz Aghili, Officer -- disposed of 46,500 shares in the company having a market value of approximately $1,209,000. 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 disposition of 71,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 118,000 shares and have averaged 39,333 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Dana is higher than its 36-company peer group average. The Auto, Truck & Motorcycle Parts peer group saw 38 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Dana insiders is lower than its peers. Within the peer group there were 54,234 shares purchased and 13,419,388 shares sold with company insiders selling 351,715 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all 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 used 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.