Reynolds American Inc (RAI): Susan M. Cameron , President and CEO of Reynolds American Inc sold 105,766 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $49.88 per share for a total value of $5,275,142.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Thomas C Wajnert (director) sold 5,000 shares at $49.82 per share price.On Mar 15, 2016, Nancy H. Hawley (EVP – Operations of RJRT) sold 6,817 shares at $51.59 per share price.Also, On Mar 15, 2016, Martin L. Iii Holton (EVP, Gen. Counsel & Asst. Sec) sold 41,752 shares at $51.59 per share price.On Mar 15, 2016, Lisa J Caldwell (EVP & Chief HR Officer) sold 33,499 shares at $51.44 per share price.
Reynolds American: On Friday, May 6, 2016 heightened volatility was witnessed in Reynolds American which led to swings in the share price. The shares opened for trading at $49.58 and hit $49.92 on the upside , eventually ending the session at $49.86, with a gain of 0.61% or 0.3 points. The heightened volatility saw the trading volume jump to 24,50,878 shares. The 52-week high of the share price is $52.54 and the company has a market cap of $71,167 M . The 52-week low of the share price is at $35.39.
Company has been under the radar of several Street Analysts.Reynolds American is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $53 .The Rating was issued on Mar 10, 2016.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company American Snuff Company LLC (American Snuff Co.) Lorillard Inc. Santa Fe Natural Tobacco Company Inc. (SFNTC) R. J. Reynolds Vapor Company (RJR Vapor) Niconovum USA Inc. and Niconovum AB.