China Automotive Systems up after senior VP sells shares
China Automotive Systems, Inc. (Nasdaq: CAAS) is up after Yu Shengbin, the auto parts maker’s senior vice president, disclosed in a Tuesday regulatory filing he is selling 40,000 shares of common stock. In a report filed with the Securities and Exchange Commission, Shengbin reported selling shares on Thursday at prices between $9.50 and $9.65 apiece.
In midday trading, CAAS shares are up 9.84%, or $0.88, at $9.82. Over the last 52 weeks, shares have ranged from $6 to $13.39.
