SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

Insider Trends: Asbury Automotive Group Insider Continues Selling Trend with Tax Sale

05/11/2021 12:45

04:32 PM EDT, 05/11/2021 (MT Newswires) -- On May 11, 2021, Patrick J Guido, SVP & CFO, completed a sale of 1,078 Asbury Automotive Group (ABG) shares for approximately $221,518 to meet tax obligations. After the Form 4 filing with the SEC, Guido has 9,720 company shares, which have a market value of $2.00 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 15 insider transactions reported to the SEC for Asbury Automotive Group. These transactions came from the activities of 6 individual insiders that resulted in a net disposition of 7,527 company shares. In the preceding 90-day window of time, there were 36 transactions from 14 insiders and resulted in the net acquisition of 4,800 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. Within the peer group activity averaged 167.0 transactions per company, and disposition of 891,941 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1144980/000114498021000104/xslF345X03/wf-form4_162076500977916.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.