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Insider Selling at Tenneco (TEN) Continues with Significant Sale

05/11/2021 18:27

10:20 PM EDT, 05/11/2021 (MT Newswires) -- One insider -- Carl C Icahn, 10% Owner -- today, disposed of 2,723,854 shares of Tenneco having a market value of approximately $33,954,209, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 17,100 company shares and the disposition of 12,781,515 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 15,488,269 shares and have averaged 5,174,156 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Tenneco is higher than the 36-company peer group average. Auto, Truck & Motorcycle Parts peer group saw 38 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Tenneco insiders was also higher. Within the peer group there were 54,234 shares purchased and 13,130,563 shares sold with company insiders disposing of 344,114 shares on average.

The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

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.