Insider Selling: General American Investors Co. Chairman Sells 3,945 Shares of Stock (GAM)
General American Investors Co. (NYSE:GAM) Chairman Spencer Davidson sold 3,945 shares of the stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $32.79, for a total transaction of $129,356.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of General American Investors Co. (NYSE:GAM) traded up 0.67% on Friday, hitting $33.15. The stock had a trading volume of 136,072 shares. General American Investors Co. has a 52-week low of $29.66 and a 52-week high of $36.04. The stock’s 50-day moving average is $34.19 and its 200-day moving average is $34.1. The company has a market cap of $972.1 million and a price-to-earnings ratio of 3.93.
General American Investors Company, Inc is a diversified, closed-end management investment company. The primary objective of the Company is long-term capital appreciation.
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