General American Investors Co Inc (GAM) Files Form 4 Insider Selling : Fbo Arthur G Altschul Jr Trust Sells 1,809 Shares

General American Investors Co Inc (GAM): Fbo Arthur G Altschul Jr Trust , other of General American Investors Co Inc sold 1,809 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $31.17 per share for a total value of $56,388.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 24, 2016, F B O Altschul Stephen F Trust (director other) sold 6,500 shares at $31.17 per share price.On Jun 24, 2016, Fbo Altschul Arthur G J Trust (director other) sold 2,000 shares at $31.33 per share price.Also, On Jun 22, 2016, Eugene S Stark (VP Administration/CCO/PFO) purchased 250 shares at $26.32 per share price.On Jun 14, 2016, Spencer Davidson (director other) sold 3,200 shares at $31.11 per share price.

Shares of General American Investors Co. (GAM) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.1 points or -3.51% at $30.25 with 88,539 shares getting traded. Post opening the session at $30.24, the shares hit an intraday low of $30.2201 and an intraday high of $30.6799 and the price vacillated in this range throughout the day. The company has a market cap of $887 M and the number of outstanding shares has been calculated to be 2,93,24,000 shares. The 52-week high of General American Investors Co. is $35.6308 and the 52-week low is $26.37.

General American Investors Co. Money Flow Index Chart

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.

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