Roger Penske (Insider Trades), CEO, Chairman and 10% Owner of Penske Automotive Group Inc. (PAG), acquired 710,121 shares of the company on August 2. The average price per share was $39.10, for a total transaction of $27,765,730. Penske is an international transportation services company with a market cap of $3.3 billion.
Penske and Penske Corp. conducted the two insider buys to date. Both buys were of 710,121 shares at an average per share price of $39.10. Two months prior to Penske’s insider buy, Penske sold 71,874 shares at an average per share price of $50.19. Penske sold 501,326 shares in three transactions from 2010 to date. From 2013 to 2015, the number of PAG insider sells remained the same each year, however, the volume decreased each year starting from 244,861 shares in 2013 to 97,362 shares in 2015. The number and volume of PAG insider buys is indirectly related to month end price. For more information about insider trades with PAG, click here. Continue Reading »