Penske Corp., 10% Owner at PENSKE AUTOMOTIVE GROUP, INC. (PAG), bought 485,204 shares at $47.62 ($23.3M) on 2016-09-09, disclosed to the SEC on 2016-09-12.
Open-market purchase of $23.3M PAG by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history). Context: insider career grade B.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $48.49 | 170,000 | $8.2M | 35.5% |
| 2 | $47.62 | 157,602 | $7.5M | 32.3% |
| 3 | $47.62 | 157,602 | $7.5M | 32.3% |
| Total | $47.92 avg | 485,204 | $23.3M | 100% |
| Filing → |
| PAG | BUY | 2016-09-01 | $14.7M | — | Filing → |
| PAG | BUY | 2016-08-29 | $21.1M | — | Filing → |
| PAG | BUY | 2016-08-22 | $12.8M | — | Filing → |