Scholastic Corp (SCHL) Files Form 4 Insider Selling : Richard Robinson Sells 44,397 Shares

Scholastic Corp (SCHL): Richard Robinson , director officer 10% owner (CEO, Chairman and Pre of Scholastic Corp sold 44,397 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $37.31 per share for a total value of $1,655,765.62 , 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, Richard Robinson (director officer 10% owner (CEO, Chairman and Pre) sold 81,265 shares at $37.12 per share price.On Nov 30, 2015, Maureen Oconnell (EVP, CAO & CFO) sold 10,681 shares at $43.00 per share price.Also, On Sep 1, 2015, Judith Newman (EVP, President, Book Clubs) sold 6,500 shares at $43.10 per share price.On Aug 25, 2015, Mae Jemison (director) sold 6,000 shares at $40.32 per share price.

Shares of Scholastic Corp (SCHL) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -0.63 points or -1.69% at $36.74 with 1,25,158 shares getting traded. Post opening the session at $37.41, the shares hit an intraday low of $36.7 and an intraday high of $37.54 and the price vacillated in this range throughout the day. The company has a market cap of $1,254 M and the number of outstanding shares has been calculated to be 3,41,41,871 shares. The 52-week high of Scholastic Corp is $46.28 and the 52-week low is $30.34.

Scholastic Corp Money Flow Index Chart

On Mar 24, 2016, Scholastic Corp announced a cash dividend of $0.1500. The company’s management has announced Apr 27, 2016 as the ex-dividend date and fixed the record date on Apr 29, 2016. The payable date has been fixed on Jun 15, 2016.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

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