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Insider Trends: ArcBest Insider Continues Selling Trend with Tax Sale

05/10/2021 07:05

10:59 AM EDT, 05/10/2021 (MT Newswires) -- Dennis L Anderson II, Chief Customer Officer, made a sale of 3,130 shares of ArcBest (ARCB) on May 06, 2021, for approximately $283,108 to satisfy tax obligations. Following the Form 4 filing with the SEC, Anderson owns 44,973 shares of the company, with a market value, based on the prior-day closing price, of $4.07 million.

During the most recent 90-day period, prior to the date of this filing, there have been 5 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 15,000 company shares by insiders. In the preceding 90-day window of time, there was 1 transaction from 1 insider which culminated in the disposition of 9,670 shares.

This is lower than the average level of insider transactions in the 26-company Ground Freight & Logistics peer group over the last 90-day period. Peer group activity averaged 129.8 transactions per company, and disposition of 95,017 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/894405/000120919121031129/xslF345X03/doc4.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.