Te Connectivity Ltd. (TEL) Files Form 4 Insider Selling : Thomas J Lynch Sells 87,958 Shares

Te Connectivity Ltd. (TEL): Thomas J Lynch , Chairman & CEO of Te Connectivity Ltd. sold 87,958 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 $59.49 per share for a total value of $5,232,225.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 12, 2016, Thomas J Lynch (Chairman & CEO) sold 87,958 shares at $62.22 per share price.On Mar 11, 2016, Terrence R Curtin (President & Director) sold 369 shares at $59.13 per share price.Also, On Mar 1, 2016, Robert W. Hau (EVP & Chief Financial Officer) sold 36,450 shares at $57.56 per share price.On Feb 26, 2016, Robert N Shaddock (EVP & Chief Technology Officer) sold 20,000 shares at $57.69 per share price.

TE Connectivity Ltd: On Tuesday, May 10, 2016 heightened volatility was witnessed in TE Connectivity Ltd which led to swings in the share price. The shares opened for trading at $59.22 and hit $59.705 on the upside , eventually ending the session at $59.4, with a gain of 0.78% or 0.46 points. The heightened volatility saw the trading volume jump to 15,09,199 shares. The 52-week high of the share price is $71.04 and the company has a market cap of $21,242 M . The 52-week low of the share price is at $51.7.

TE Connectivity Ltd Money Flow Index Chart

Company has been under the radar of several Street Analysts.TE Connectivity Ltd is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 9, 2016.TE Connectivity Ltd is Downgraded by Sun Trust Rbsn Humphrey to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 29, 2016.TE Connectivity Ltd is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $65 .The Rating was issued on Mar 28, 2016.TE Connectivity Ltd is Downgraded by Berenberg to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 2, 2016.

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions which offers various products including terminals and connector systems and components relays circuit protection devices sensors and application tooling among others; Industrial Solutions which include terminals and connector systems and components heat shrink tubing relays wire and cable and Communications Solutions which include terminals and connector systems and components circuit protection devices antennas relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets which include automotive industrial equipment and consumer devices.

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