SMP executives sold shares as the stock fell to $33.73, despite Q3 earnings beating estimates.

Several executives of Standard Motor Products (SMP) sold shares on November 11th, with stock prices falling to $33.73 the next day. The company recently reported Q3 earnings of $1.28 per share, exceeding estimates. SMP announced a quarterly dividend of $0.29, yielding 3.44%. The company, which manufactures and distributes automotive parts, has institutional investors holding 81.26% of its total equity.

November 12, 2024
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