SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Insider Trends: AutoNation Insider Continues 90-Day Selling Trend

05/11/2021 12:41

04:29 PM EDT, 05/11/2021 (MT Newswires) -- Michael J Jackson, Director and CEO and Director, sold 50,000 shares of AutoNation (AN) on May 07, 2021, for $5,260,165. Subsequent to the Form 4 filing with the SEC, Jackson has 109,243 shares of the company, which have a market value of $11.4 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 42 insider transactions reported to the SEC for AutoNation. These transactions came from the activities of 10 individual insiders that resulted in a net disposition of 4,475,920 company shares. This compares with the preceding 90-day window of time where there were 26 transactions from 12 insiders which resulted in the net disposition of 214,707 shares.

This is lower than the average level of insider transactions in the 7-company Auto Vehicles, Parts & Service Retailers peer group over the last 90-day period. Activity in the peer group averaged 166.9 transactions per company, and disposition of 890,920 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/350698/000035069821000104/xslF345X03/wf-form4_162076482143928.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.