Insider Buying: Sonic Automotive (NYSE:SAH) Major Shareholder Acquires $1,287,877.50 in Stock
MarketBeat
Sonic Automotive, Inc. (NYSE:SAH - Get Free Report) major shareholder Paul Rusnak bought 21,645 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average price of $59.50 per share, for a total transaction of $1,287,877.50. Following the transaction, the insider owned 5,121,645 shares in the company, valued at $304,737,877.50. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
NYSE:SAH
