Lyondellbasell Industries N.v. (LYB) Files Form 4 Insider Selling : Massimo Covezzi Sells 7,551 Shares

Lyondellbasell Industries N.v. (LYB): Massimo Covezzi , SVP Research & Development of Lyondellbasell Industries N.v. sold 7,551 shares on Apr 26, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $89.14 per share for a total value of $673,111.25 , 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 26, 2016, Sergey Vasnetsov (SVP Strategic Planning) sold 3,127 shares at $89.89 per share price.On Nov 20, 2015, Jacquelyn H Wolf (SVP, Human Resources) sold 3,394 shares at $94.52 per share price.Also, On Oct 29, 2015, Massimo Covezzi (SVP Research & Development) sold 3,000 shares at $90.91 per share price.On Sep 11, 2015, Lawrence C Somma (Vice President and Treasurer) purchased 14 shares at $84.64 per share price.

Shares of LyondellBasell Industries NV (LYB) ended Friday, Apr 22, 2016 session in red amid volatile trading. The shares closed down -0.49 points or -0.54% at $90.2 with 52,41,996 shares getting traded. Post opening the session at $93.15, the shares hit an intraday low of $88.31 and an intraday high of $93.15 and the price vacillated in this range throughout the day. The company has a market cap of $38,984 M and the number of outstanding shares has been calculated to be 43,22,00,530 shares. The 52-week high of LyondellBasell Industries NV is $107.32 and the 52-week low is $69.095.

LyondellBasell Industries NV Money Flow Index Chart

Company has been under the radar of several Street Analysts.LyondellBasell Industries NV is Downgraded by Atlantic Equities to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 5, 2016.LyondellBasell Industries NV is Downgraded by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 95 from a previous price target of $105 . Earlier the firm had a rating of Top Pick on the company shares. The Rating was issued on Feb 3, 2016.

LyondellBasell Industries N.V. (LyondellBasell) is a global independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas) Olefins and Polyolefins-Europe Asia International (OandP-EAI) Intermediates and Derivatives (IandD) Refining and Technology. Its OandP-Americas segment produces and markets olefins including ethylene and ethylene co-products and polyolefin. Its OandP-EAI segment produces and markets olefins including ethylene and ethylene co-products polyolefin and specialty products including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives acetyls including methanol and ethylene oxide. Its Refining segment refines heavy high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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