Pricesmart Inc (PSMT) Files Form 4 Insider Selling : Robert E Price Sells 220,844 Shares

Pricesmart Inc (PSMT): Robert E Price , director 10% owner of Pricesmart Inc sold 220,844 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 $84.00 per share for a total value of $18550896 , 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 27, 2016, William J Naylon (EVP & Chief Operating Officer) sold 1,775 shares at $85.16 per share price.On Apr 25, 2016, Chong Jesus Von (EVP-Foods Merchandising) sold 900 shares at $84.36 per share price.Also, On Apr 15, 2016, John Heffner (EVP & Chief Financial Officer) sold 3,266 shares at $84.79 per share price.On Apr 13, 2016, Thomas D Martin (Chief Merchandise Officer) sold 1,355 shares at $81.54 per share price.

Shares of PriceSmart (PSMT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.94 points or -1.07% at $87.02 with 1,01,241 shares getting traded. Post opening the session at $88.06, the shares hit an intraday low of $86.63 and an intraday high of $88.56 and the price vacillated in this range throughout the day. The company has a market cap of $2,643 M and the number of outstanding shares has been calculated to be 3,03,71,082 shares. The 52-week high of PriceSmart is $103.59 and the 52-week low is $68.51.

PriceSmart Money Flow Index Chart

PriceSmart Inc. (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company’s operating segments are the United States Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The no-frills warehouse club-type buildings range in size from 48000 to 100000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America Caribbean and South America.

Leave a Reply

PriceSmart - Is it time to Sell?

Top Brokerage Firms are advising their investors on PriceSmart. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.