JB Hunt (JBHT) Chairman Sells 913K Shares

In a Form 4 filed after the close yesterday, JB Hunt Transport Services' (Nasdaq: JBHT) Chairman, Wayne Garrison, disclosed that he sold 913,055 shares on 10/16 and 10/17 at prices ranging from $29.51-$29.69. Following the sale, Garrison still owns 5.027 million shares of JB Hunt.

Notably, the filing did not mention that the sale was involuntarily, indicating that the sale was not due to a margin call.

Investors are selling the stock today given last night's news. Shares of JB Hunt are currently trading around $28.78, down about 3.6% from yesterday's close.

J.B. Hunt Transport Services, Inc., together with its subsidiaries, operates as a surface transportation company in North America.

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