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Sonic Automotive President Sells 50,000 Shares

TheMotleyFool

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Sonic Automotive President Sells 50,000 SharesPhoto, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png

Sonic Automotive (NYSE:SAH), a major U.S. auto retailer, reported a notable insider sale amid ongoing shifts in executive shareholdings.

On June 9 and June 10, Jeff Dyke, President of Sonic Automotive, reported the direct sale of 50,000 shares of Common Stock in multiple open-market transactions, as disclosed in this SEC Form 4 filing.

Transaction value based on SEC Form 4 weighted average purchase price ($85.19); post-Transaction value based on June 10 market close.

Source Fool.com