Penske Automotive Group, Inc. (PAG) Files Form 4 Insider Buying : Roger S Penske Buys 327,602 Shares

Penske Automotive Group, Inc. (PAG): Roger S Penske , CEO of Penske Automotive Group, Inc. purchased 327,602 shares on Sep 8, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $48.05 per share for a total value of $15748037 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, Corp Penske (10% owner) purchased 327,602 shares at $48.05 per share price.On Sep 7, 2016, Roger S Penske (CEO) purchased 225,000 shares at $46.82 per share price.Also, On Jun 2, 2015, Calvin Sharp (EVP – Human Resources) sold 2,261 shares at $51.25 per share price.On Jun 2, 2015, Shane M. Spradlin (EVP, Gen. Counsel & Sec.) sold 4,203 shares at $51.14 per share price.

Penske Automotive Group: On Monday, Sep 12, 2016 heightened volatility was witnessed in Penske Automotive Group which led to swings in the share price. The shares opened for trading at $46.61 and hit $48.46 on the upside , eventually ending the session at $48.33, with a gain of 2.63% or 1.24 points. The heightened volatility saw the trading volume jump to 968,119 shares. The 52-week high of the share price is $53.2797 and the company has a market cap of $4,117 M . The 52-week low of the share price is at $29.29.

Penske Automotive Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Penske Automotive Group is Initiated by Seaport Global Securities to Neutral. The Rating was issued on Aug 9, 2016.Penske Automotive Group is Downgraded by KeyBanc Capital Mkts to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jun 28, 2016.

Penske Automotive Group Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles diesel engines gas engines power systems and related parts and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive which includes the Company’s retail automotive dealership operations and Other which include the Company’s retail commercial vehicle dealership operations commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern Central Western United States and International. As of December 31 2014 the Company operated 327 automotive retail franchises of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.

Leave a Reply

Penske Automotive Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Penske Automotive Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.