3 Stocks Facing Large Insider Selling

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 |  Includes: AN, AZO, COH
by: Robert Zingale

The following S&P 500 companies have displayed significant insider selling during the past three months.

AutoNation (NYSE:AN) 3,357,098 shares sold (net activity) Much of this insider selling has been driven by Eddie Lampert and his firm ESL Investments, who owns 78,954,909 shares as of 31-Oct-11 representing 56.4% of AutoNation’s total outstanding shares (as disclosed in Schedule 13D filed on 31-Oct-11). This is down from 81,122,306 shares as of 15-Mar-11 (as disclosed in the 2011 proxy filing).

  • 3 months net activity – 3,357,098 shares sold
  • 3 months net activity as a % of total outstanding shares – 2.4%
  • Market Capitalization – $5.1 billion

AutoZone (NYSE:AZO) 2,104,439 shares sold (net activity) – Much of this insider selling has also been driven by Eddie Lampert and his firm ESL Investments, who owns 10,473,595 shares as of 26-Oct-11 representing 26.3% of AutoZone’s total outstanding shares (as disclosed in Schedule 13D filed on 27-Oct-11). This is down from 13,059,401 shares as of 21-Jun-11 (as disclosed in Schedule 13D filed on 22-Jun-11).

  • 3 months net activity – 2,104,439 shares sold
  • 3 months net activity as a % of total outstanding shares – 5.3%
  • Market Capitalization – $12.9 billion

Coach (NYSE:COH) 1,966,973 shares sold (net activity) Insider selling at Coach has been primarily among the following Officers: Lew Frankfort, (Chairman and CEO); Jerry Stritzke, (President & COO); Todd Kahn, (EVP, General Counsel and Secretary); Reed Krakoff, (President, Executive Creative Director).

  • 3 months net activity – 1,966,973 shares sold
  • 3 months net activity as a % of total outstanding shares – 0.7%
  • Market Capitalization – $18.7 billion

Data Sources: Data are taken from Yahoo! Finance, NASDAQ’s website and publicly filed holdings

Disclaimer: Please consult your financial advisor before making investment decisions. Depending on your circumstances and risk tolerance, the strategy in this article may not be suitable for all investors.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.