Mohawk Industries Inc (MHK) Files Form 4 Insider Selling : Chistopher Wellborn Sells 10,236 Shares

Mohawk Industries Inc (MHK): Chistopher Wellborn , President and COO of Mohawk Industries Inc sold 10,236 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $200.00 per share for a total value of $2,047,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, John C Jr Turner (President-Ceramic NA) sold 1,511 shares at $195.79 per share price.On May 12, 2016, Frank H Boykin (CFO) sold 3,133 shares at $200.00 per share price.Also, On May 11, 2016, Bernard Thiers (President-Flooring Eur and ROW) sold 14,000 shares at $198.80 per share price.On Mar 21, 2016, James Brunk (Corporate Controller and CAO) sold 2,126 shares at $189.11 per share price.

Mohawk Industries: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Mohawk Industries which led to swings in the share price. The shares opened for trading at $197.76 and hit $201.41 on the upside , eventually ending the session at $200.56, with a gain of 1.70% or 3.35 points. The heightened volatility saw the trading volume jump to 5,82,269 shares. The 52-week high of the share price is $212.16 and the company has a market cap of $14,860 M . The 52-week low of the share price is at $148.56.

Mohawk Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mohawk Industries is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $185. The Rating was issued on May 24, 2016.Mohawk Industries is Initiated by MKM Partners to Buy and the brokerage firm has set the Price Target at $244. The Rating was issued on Apr 12, 2016.Mohawk Industries is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 218 from a previous price target of $205 .The Rating was issued on Mar 28, 2016.

Mohawk Industries Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment the Ceramic segment and the Laminate and Wood segment. The Carpet segment designs manufactures sources distributes and markets its carpet and rug product lines in a range of colors textures and patterns for residential and commercial applications. The Ceramic segment designs manufactures sources distributes and markets a line of ceramic tile porcelain tile and natural stone products. The Laminate and Wood segment designs manufactures sources licenses distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet rugs ceramic tile laminate wood stone and vinyl flooring. Its brands include American Olean Bigelow Daltile Durkan Karastan Kerama Marazzi Lees Marazzi Mohawk Pergo Quick-Step and Unilin.

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