Insider Selling: United Parcel Service Director Sells 1,343 Shares of Stock

Discussion in 'The Latest UPS Headlines' started by cheryl, Nov 25, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    Insider Selling: United Parcel Service Director Sells 1,343 Shares of Stock -

    United Parcel Service Director Ann Livermore sold 1,343 shares of United Parcel Service stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $101.88, for a total value of $136,824.84. Following the sale, the director now directly owns 27,604 shares of the company’s stock, valued at approximately $2,812,296. The sale was disclosed in a filing with the SEC.
     
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I'd be curious what her cost basis was and how much of a profit she made. Sounds like a smart financial decision to me.
     
  3. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Don't know that but her avarage cost basis was probably in the $55-65 range.

    UPS is at at future looking P/E over 21. That is overvalued so if one is going to sell, this is the time.
    The yield for UPS is down to 2.5% and that is very low for a stock positioned as UPS is.
    ​There are many better dividend yield stock out there.
     
  4. oldngray

    oldngray nowhere special

    It looks like its just a little profit taking. Not a big issue other than she is an insider at UPS. She left 95% of her holdings alone.