2023-03-13 15:13:33 ET
Asbury Automotive Group ( NYSE: ABG ) extended declines in the past week to a double-digit percentage as executives disclosed the dumping of thousands of shares.
According to insider transactions filed with the SEC in the past week, the company’s CEO, CFO, Chief Legal Officer, Chief Human Resources Officer, SVP of Operations, and SVP of Strategy & Innovation have each offloaded shares in recent days.
Per the filings, Chief Legal Officer George Villasana has nearly halved his stake in the company since the start of March, from 14.15M shares to 7.1M shares. His average sale price for the significant sales in the week of March 3 to March 7 was $239.10.
Shares of Asbury Automotive ( ABG ) dipped 6.27% in afternoon trading on Monday, driving to a double-digit decline since March 3.
Read more on recent used auto price trends .
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Asbury Automotive extends decline after executive sale disclosures