Scripps Networks Interactive, Inc. (SNI) Files Form 4 Insider Selling : Jimmy R. Scripps Sells 400,000 Shares

Scripps Networks Interactive, Inc. (SNI): Jimmy R. Scripps , 10% owner of Scripps Networks Interactive, Inc. sold 400,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $62.29 per share for a total value of $2486935 , 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 17, 2016, Mark S Hale (EVP, Global Operations & CTO) sold 8,118 shares at $64.65 per share price.On May 11, 2016, Gerald J. Scripps (10% owner) sold 20,513 shares at $66.14 per share price.Also, On Mar 9, 2016, Adam R Scripps (10% owner) sold 500,000 shares at $63.51 per share price.On Mar 7, 2016, Richelle P Parham (director) sold 2,254 shares at $60.05 per share price.

Scripps Networks Interactive: On Friday, May 20, 2016 heightened volatility was witnessed in Scripps Networks Interactive which led to swings in the share price. The shares opened for trading at $62.18 and hit $62.745 on the upside , eventually ending the session at $62.09, with a gain of 0.21% or 0.13 points. The heightened volatility saw the trading volume jump to 15,30,825 shares. The 52-week high of the share price is $68.85 and the company has a market cap of $5,905,069 M . The 52-week low of the share price is at $47.62.

Scripps Networks Interactive Money Flow Index Chart

On May 11, 2016, Scripps Networks Interactive announced a cash dividend of $0.2500. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 10, 2016.

Company has been under the radar of several Street Analysts.Scripps Networks Interactive is Downgraded by Citigroup to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 18, 2016.Scripps Networks Interactive is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 69 from a previous price target of $64 .The Rating was issued on May 6, 2016.Scripps Networks Interactive is Resumed by Macquarie to Neutral. The Rating was issued on Apr 26, 2016.Scripps Networks Interactive is Initiated by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $70. The Rating was issued on Apr 8, 2016.

Scripps Networks Interactive Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks HGTV Food Network Travel Channel DIY Network Cooking Channel and Great American Country. HGTV focuses on decorating interior design home remodeling landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience music performance specials live concerts and country music videos.

Leave a Reply

Scripps Networks Interactive - Is it time to Sell?

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