Tenneco Inc (TEN) Files Form 4 Insider Selling : Kenneth R Trammell Sells 21,080 Shares

Tenneco Inc (TEN): Kenneth R Trammell , Exec. Vice President and CFO of Tenneco Inc sold 21,080 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $51.55 per share for a total value of $1,086,674.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Timothy E Jackson (Executive Vice President) sold 13,811 shares at $52.38 per share price.On May 4, 2016, Gregg M Sherrill (Chairman & CEO) sold 80,672 shares at $53.20 per share price.Also, 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.

Tenneco Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Tenneco Inc which led to swings in the share price. The shares opened for trading at $51.15 and hit $51.81 on the upside , eventually ending the session at $51.61, with a gain of 0.68% or 0.35 points. The heightened volatility saw the trading volume jump to 3,29,017 shares. The 52-week high of the share price is $61.7287 and the company has a market cap of $2,968 M . The 52-week low of the share price is at $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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