General American Investors Co Inc (GAM): Arthur G Jr Altschul , director of General American Investors Co Inc sold 8,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $30.83 per share for a total value of $246,644.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Fbo Altschul Arthur G Jr Trust (other) sold 2,000 shares at $30.83 per share price.On May 25, 2016, Fbo Arthur G Altschul Jr Trust (other) sold 2,000 shares at $30.83 per share price.Also, On May 19, 2016, Spencer Davidson (director other) sold 400 shares at $30.65 per share price.On May 18, 2016, Eugene S Stark (VP Administration CCO/PFO) purchased 1,000 shares at $26.74 per share price.
General American Investors Co.: On Friday, May 20, 2016 heightened volatility was witnessed in General American Investors Co. which led to swings in the share price. The shares opened for trading at $30.37 and hit $30.62 on the upside , eventually ending the session at $30.49, with a gain of 0.76% or 0.2299 points. The heightened volatility saw the trading volume jump to 5,346 shares. The 52-week high of the share price is $35.825 and the company has a market cap of $894 M . The 52-week low of the share price is at $26.37.
General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.