Qlogic Corp (QLGC) Files Form 4 Insider Selling : Anthony Carrozza Sells 1,460 Shares

Qlogic Corp (QLGC): Anthony Carrozza , Senior VP – WW Sales of Qlogic Corp sold 1,460 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $13.53 per share for a total value of $19,716.06 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 10, 2015, Milind Karnik (Senior VP, Global Engineering) sold 1,606 shares at $10.19 per share price.On Aug 4, 2015, Prasad L. Rampalli (President and CEO) sold 1,666 shares at $8.95 per share price.Also, On Jun 9, 2015, Roger J Klein (Senior VP and GM) sold 5,324 shares at $15.55 per share price.On Jun 2, 2015, John T Dickson (director) purchased 10,000 shares at $15.65 per share price.

Shares of QLogic Corporation (QLGC) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -1.32% at $13.46 with 6,85,386 shares getting traded. Post opening the session at $13.63, the shares hit an intraday low of $13.21 and an intraday high of $13.63 and the price vacillated in this range throughout the day. The company has a market cap of $1,115 M and the number of outstanding shares has been calculated to be 8,28,40,000 shares. The 52-week high of QLogic Corporation is $15.93 and the 52-week low is $8.37.

QLogic Corporation Money Flow Index Chart

QLogic Corporation (QLogic) designs and supplies server and storage networking connectivity products that provide and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers networks and storage. The Company’s products are used in enterprise managed service provider consumer Web and cloud service provider data centers along with other environments dependent on data networking. It offers products in two categories: Advanced Connectivity Platforms and Legacy Connectivity Products. The advanced Connectivity Platforms consist primarily of adapters and application-specific integrated circuits (ASICs) for server and storage connectivity applications. The legacy Connectivity Products consist primarily of Fiber Channel switch products. The Company’s products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks local area networks and converged networks.

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