Scansource Inc (SCSC) Files Form 4 Insider Selling : Steven R Fischer Sells 10,000 Shares

Scansource Inc (SCSC): Steven R Fischer , director of Scansource Inc sold 10,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $38.79 per share for a total value of $387,925.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2016, Michael L Baur (CEO) sold 53,506 shares at $37.12 per share price.On Jun 5, 2015, John J. Ellsworth (VP, Gen Counsel &Corporate Sec) sold 5,775 shares at $39.42 per share price.Also, On May 8, 2015, Steven R Fischer (director) sold 9,400 shares at $39.05 per share price.On Mar 25, 2015, Gerald Lyons (SVP & Principal Acctg Officer) sold 1,000 shares at $41.01 per share price.

ScanSource: On Monday, May 16, 2016 heightened volatility was witnessed in ScanSource which led to swings in the share price. The shares opened for trading at $38.24 and hit $39.09 on the upside , eventually ending the session at $38.85, with a gain of 1.89% or 0.72 points. The heightened volatility saw the trading volume jump to 1,73,059 shares. The 52-week high of the share price is $42.54 and the company has a market cap of $997 M . The 52-week low of the share price is at $27.46.

ScanSource Money Flow Index Chart

ScanSource Inc. is a wholesale distributor of specialty technology products. The Company and its subsidiaries provide distribution services for technology manufacturers and sells to resellers in the specialty technology markets such as point-of-sale (POS) and barcode physical security and three dimensional (3D) printing and communications. The Company operates through two business segments: Worldwide Barcode & Security and Worldwide Communications & Services. The Barcode & Security distribution segment focuses on automatic identification and data capture (AIDC) POS electronic physical security and 3D printing technologies. The Company markets around 100000 products from around 300 hardware and software vendors to around 35000 reseller customers from its distribution centers. The Communications & Services distribution segment focuses on communications technologies and services. The Company operates in the United States Canada Latin America and Europe.

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