Executive Chairman David Abney Just Sold A Bunch Of Shares In United Parcel Service, Inc. (NYSE:UPS) - Simply Wall Street
We’d be surprised if United Parcel Service, Inc. shareholders haven’t noticed that the Executive Chairman, David Abney, recently sold US$202k worth of stock at US$160 per share. That sale was 47% of their holding, so it does make us raise an eyebrow.
United Parcel Service Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by CEO & Director Carol Tomé for US$1.0m worth of shares, at about US$99.33 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$162. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.
We’d be surprised if United Parcel Service, Inc. shareholders haven’t noticed that the Executive Chairman, David Abney, recently sold US$202k worth of stock at US$160 per share. That sale was 47% of their holding, so it does make us raise an eyebrow.
United Parcel Service Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by CEO & Director Carol Tomé for US$1.0m worth of shares, at about US$99.33 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$162. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.
