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Insider Trends: Insider 90-Day Selling Trend Extended at Tenneco

05/10/2021 12:56

04:50 PM EDT, 05/10/2021 (MT Newswires) -- Carl C Icahn, 10% Owner, executed a sale of 2,723,854 shares of Tenneco (TEN) on May 06, 2021, for $33,954,209. Subsequent to the Form 4 filing with the SEC, Icahn has indirect ownership of 7,635,819 shares of the company, which has a market value of $97.8 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 41 insider transactions reported to the SEC for Tenneco. These transactions came from the activities of 9 separate insiders that resulted in a net disposition of 14,846,824 company shares. In the preceding 90-day window of time, there were 46 transactions from 18 insiders which resulted in the net disposition of 3,968,933 shares.

This is lower than the average level of insider transactions in the 36-company Auto, Truck & Motorcycle Parts peer group over the last 90-day period. Activity in the peer group averaged 104.2 transactions per company, and disposition of 44,190 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1024725/000156761921009456/xslF345X03/doc1.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.