Trust related to 10% owner intends to sell $6.25M in stock, part of larger $31.9M aggregated sales
CACC sits 59% above its 52-week low of $401.9.
Summary
A trust linked to a 10% owner plans to sell $6.25 million in Credit Acceptance Corp stock, forming part of a larger $31.9 million aggregated sale from related trusts.
Key Events · Ownership and Investor Activity · CACC
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Intent to Sell $6.25 Million in Stock
Jill Foss Watson 2014 Children's Trust Gwyneth Ellen Watson has filed a Form 144 to sell 10,000 shares of common stock, valued at approximately $6.25 million.
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Part of Larger Aggregated Sale
This individual sale is part of an aggregated intent to sell up to 50,000 shares, totaling approximately $31.9 million, from multiple trusts related to Jill Foss Watson, a 10% holder, and her spouse.
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Continues Insider Distribution Trend
This significant intent to sell, occurring as the stock trades near its 52-week high, contributes to a broader pattern of insider distribution, with over $58 million in net sales from active insiders over the past 90 days.
Analysis · CACC · Finance
A trust associated with a 10% owner has filed a Form 144 to sell $6.25 million worth of common stock. This individual sale is part of a larger aggregated intent to sell up to 50,000 shares, totaling approximately $31.9 million, from various trusts related to Jill Foss Watson, a 10% holder, and her spouse. This significant intent to sell, occurring while the stock trades near its 52-week high, contributes to a broader pattern of insider distribution observed over the past 90 days.
At the time of this filing, CACC was trading at $638.23 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $401.90 to $640.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.