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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.
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Los ejecutivos de SMP vendieron acciones ya que las acciones cayeron a $33.73, a pesar de las ganancias del Q3 que superaban las estimaciones.