Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
AVIS BUDGET GROUP, INC. (CAR)
Sector: Industrials; Industry: Rental & Leasing Services

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 575 dealer-operated and 420 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2019-12-12 De Shon Larry D CEO and President Sell 25,000 $33.00 $825,000 No
2017-10-30 De Shon Larry D CEO and President Sell 25,000 $42.00 $1,050,000 No
2015-03-03 De Shon Larry D President, International Sell 25,000 $61.66 $1,541,500 No
2014-08-13 De Shon Larry D President, EMEA Sell 22,875 $65.00 $1,486,875 No
2014-02-26 De Shon Larry D President, EMEA Sell 25,000 $46.68 $1,167,000 Yes
2013-05-09 De Shon Larry D President, EMEA Sell 50,000 $30.00 $1,500,000 Yes
2013-02-20 De Shon Larry D President, EMEA Sell 50,000 $23.60 $1,180,000 Yes
2012-12-18 De Shon Larry D President, EMEA Sell 25,000 $20.00 $500,000 Yes
2012-08-24 De Shon Larry D President, EMEA Sell 10,000 $16.00 $160,000 Yes
2011-10-05 De Shon Larry D President, EMEA Buy 5,000 $9.75 $48,768 No
2011-02-18 De Shon Larry D EVP, Operations Sell 30,000 $16.22 $486,600 Yes
2010-04-05 De Shon Larry D EVP, Operations Sell 25,000 $12.49 $312,250 Yes
2010-03-04 De Shon Larry D EVP, Operations Sell 24,800 $10.87 $269,576 Yes
2010-02-19 De Shon Larry D EVP, Operations Sell 200 $11.50 $2,300 Yes

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