Msc Industrial Direct Co Inc (MSM) Files Form 4 Insider Selling : Charles Bonomo Sells 2,661 Shares

Msc Industrial Direct Co Inc (MSM): Charles Bonomo , Senior VP and CIO of Msc Industrial Direct Co Inc sold 2,661 shares on Apr 19, 2016. The Insider selling transaction was reported by the company on Apr 20, 2016 to the Securities and Exchange Commission. The shares were sold at $76.00 per share for a total value of $202,236.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Gregory Polli (SVP, PRODUCT MANAGEMENT) sold 12,303 shares at $74.80 per share price.On Apr 13, 2016, Douglas E Jones (EVP, Chief Supply Chain) sold 12,119 shares at $76.00 per share price.Also, On Apr 11, 2016, Philip Peller (director) sold 3,674 shares at $75.00 per share price.On Feb 10, 2016, Denis F Kelly (director) purchased 2,000 shares at $66.53 per share price.

MSC Industrial Direct Co Inc: On Monday, Apr 18, 2016 heightened volatility was witnessed in MSC Industrial Direct Co Inc which led to swings in the share price. The shares opened for trading at $74.67 and hit $75.63 on the upside , eventually ending the session at $75.38, with a gain of 0.71% or 0.53 points. The heightened volatility saw the trading volume jump to 5,72,184 shares. The 52-week high of the share price is $77.38 and the company has a market cap of $4,626 M . The 52-week low of the share price is at $54.19.

MSC Industrial Direct Co Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.MSC Industrial Direct Co Inc is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.

Currently the company Insiders own 31.75% of MSC Industrial Direct Co Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 29.99%.Institutional Investors own 83.61% of MSC Industrial Direct Co Inc shares.During last six month period, the net percent change held by insiders has seen a change of 29.99%.

MSC Industrial Direct Co. Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States with customers in all 50 states through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; materials handling products; power transmission components and electrical supplies.

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