American Woodmark Corporation (AMWD) and Goldman Sachs Group Inc. (GS) Register Noteworthy Insider Selling; Insider Buying Observed at Three Other Companies

Executive at Goldman Sachs Sells Some Shares

One member of Goldman Sachs Group Inc. (NYSE:GS)’s executive team unloaded some shares this past week. Edith W. Cooper, Global Head of the Human Capital Management, discarded 14,000 shares on Friday at prices ranging from $165.49 to $167.24 per share, half of which were held in a trust. Ms. Cooper currently holds a direct ownership stake of 32,334 shares, along with an additional block of 33,310 shares held indirectly through a trust.

The leading global investment banking, securities and investment management firm has seen the value of its stock decline by 6% since the start of the year. Following the aftermath of the financial crisis, Goldman Sachs Group Inc. (NYSE:GS) and other industry peers have turned their attention to more basic banking businesses, trying to capitalize on the deposits and loans of middle-class Americans. Goldman Sachs posted net revenues of $7.93 billion for the second quarter of 2016, down 13% year-over-year due to significantly lower net revenues in Investing & Lending and lower net revenues in both Investment Management and Investment Banking. Warren Buffett’s Berkshire Hathaway owns 10.96 million shares of Goldman Sachs Group Inc. (NYSE:GS) as of the end of the second quarter.

Former CEO of Manufacturer of Kitchen Cabinets Offloads Shares

Three corporate insiders at American Woodmark Corporation (NASDAQ:AMWD) sold shares in the past several trading sessions, with most insider selling being related to awards of service-based restricted stock units. However, there was an influential insider who sold a sizable block of shares, the kind of insider selling that might catch the attention of the investment community. Kent B. Guichard, current Chairman of the company’s Board and former CEO of American Woodmark, offloaded 12,502 shares on Friday at prices that fell between $85.00 and $85.43 per share, trimming his ownership to 31,754 shares.

The manufacturer and distributor of kitchen cabinets and vanities for the remodeling and new home construction markets has seen its market cap spike by 10% since the beginning of 2016. The 10% jump in market value reflects strong financial results for the company’s first fiscal quarter that ended July 31. American Woodmark Corporation (NASDAQ:AMWD) reported net sales of $258.2 million for the first fiscal quarter, up 12% year-on-year due to growth in all channels. Meanwhile, the company’s bottom line rose to $21.7 million from $15.2 million reported a year ago. Ken Griffin’s Citadel Advisors LLC had around 121,000 shares of American Woodmark Corporation (NASDAQ:AMWD) in its portfolio at the end of June.

Disclosure: None