Tenneco Inc (TEN) Files Form 4 Insider Selling : Gregg M Sherrill Sells 80,672 Shares

Tenneco Inc (TEN): Gregg M Sherrill , Chairman & CEO of Tenneco Inc sold 80,672 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $53.20 per share for a total value of $4,291,750.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 5, 2016, John E Kunz (Vice President and Controller) sold 4,480 shares at $45.24 per share price.On Dec 15, 2015, Joseph A. Pomaranski (Senior Vice President) sold 8,080 shares at $47.86 per share price.Also, On Mar 17, 2015, Timothy E Jackson (Executive Vice President) sold 29,308 shares at $55.65 per share price.On Feb 27, 2015, David B Jr Price (director) sold 30,000 shares at $57.59 per share price.

Shares of Tenneco Inc (TEN) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.58 points or -2.97% at $51.59 with 4,92,618 shares getting traded. Post opening the session at $52.55, the shares hit an intraday low of $51.41 and an intraday high of $53.13 and the price vacillated in this range throughout the day. The company has a market cap of $2,967 M and the number of outstanding shares has been calculated to be 5,75,14,337 shares. The 52-week high of Tenneco Inc is $61.7287 and the 52-week low is $34.45.

Tenneco Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tenneco Inc is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 27, 2016.Tenneco Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $47 .The Rating was issued on Apr 27, 2016.Tenneco Inc is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Feb 11, 2016.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Company’s various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.

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