Chrysler Brass Sell Stock Worth $9 Million

Chrysler Corp. executives sold nearly $9 million of their personal stock in the No. 3 U.S. automaker last month, shortly after billionaire Kirk Kerkorian’s latest purchase of Chrysler stock.

In all, at least 17 Chrysler executives sold stock in the company last month, according to CDA/Investnet of Fort Lauderdale, Fla., which tracks transactions by corporate insiders. The 17 sold about 180,000 shares, most at $48 to $50 a share, for a total of about $8.8 million.

Chrysler stock rose 37-1/2 cents Friday to $56.37-1/2 a share on the New York Stock Exchange.

Company insiders must report their stock transactions to the U.S. Securities and Exchange Commission.