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Follow on Google News | Depressed Automotive Industry Discouraged Insider TradingIn July, the insider buy ratio of U.S. Automotive Sector dropped from the peak in June. 4 weeks insider buy ratio decreased from 27% 4 weeks ago to only 19% right now.
By: insiderslab.com Tesla Motors, Inc. – While oil prices have brought a noticeable automotive sales for major US auto manufacturers, Tesla Motor is focusing on the environmental impact of the society and continuously refining their fuel efficient vehicles. There were 2 significant insider net buy activities during the past four weeks. CEO as well as the Director Musk Elon purchased 1,416,000 common shares on the open market at $28.76 per share. His personal holding increased 6% after the acquisition. Another director Kohler Herbert acquired 637,475 common shares at $28.76 per share on June 8 in response to the happy future of Tesla Motors. Read (TSLA) insider trading report at http://www.insiderslab.com/ TRW Automotive Holdings Corp. - TRW Automotive previous received antitrust inquiries from the government. The company is going to realize the financial impact of the penalty due to anti-competitive conduct in German and record an accrual on their financial statement. The share price of TRW has been boosted to a relative high level so that many insiders are considering selling part of their holdings. Over $5 million shares were disposed by insiders during the past four weeks. Read (TRW) insider trading report at http://www.insiderslab.com/ WABCO Holdings Inc. – The company is a manucature of safety and control systems for commercial vehicles. WABCO recently engaged in a new five-year multi-currency revolving credit facility of $400 million. The company also signed a long term agreement with one of Europe's largest producers of commercial trailers to provide new generation of air disc brakes. While the company’s share price tripled in the past 2 years, company’s insiders filed $51.95M disposition during the past four weeks. Read (WBC) insider trading report at http://www.insiderslab.com/ Report Editor: Kelly Liu in Vancouver at kelly@insiderslab.com # # # InsidersLab provides U.S. Insider Trading Research and Analysis to investors. We strive to aid investors, analysts, advisors and institutions in achieving optimal portfolio performance returns by providing more transparency in the insiders market. End
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