Harris Corp /de/ (HRS) Files Form 4 Insider Selling : Dana A Mehnert Sells 6,600 Shares

Harris Corp /de/ (HRS): Dana A Mehnert , SVP, Chief Global Bus Dev Off of Harris Corp /de/ sold 6,600 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $82.07 per share for a total value of $541,369.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 17, 2015, Scott T Mikuen (Sr VP-General Counsel & Secy) sold 8,800 shares at $80.00 per share price.On Sep 1, 2015, William M Brown (Chairman, President, and CEO) sold 195 shares at $81.25 per share price.Also, On Jun 16, 2015, Sheldon J Fox (Group Pres. – Govt. Comms. Sys) sold 11,891 shares at $77.80 per share price.On Jun 12, 2015, Dana A Mehnert (Group Pres., RF Communications) sold 48,700 shares at $78.67 per share price.

Shares of Harris Corporation (HRS) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.65 points or -0.79% at $81.22 with 5,43,436 shares getting traded. Post opening the session at $81.49, the shares hit an intraday low of $81.04 and an intraday high of $81.93 and the price vacillated in this range throughout the day. The company has a market cap of $10,130 M and the number of outstanding shares has been calculated to be 12,47,25,874 shares. The 52-week high of Harris Corporation is $89.78 and the 52-week low is $70.1.

Harris Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Harris Corporation is Initiated by Citigroup to Buy and the brokerage firm has set the Price Target at $95. The Rating was issued on Jun 10, 2016.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3 2015 the Company operated through four business segments: RF Communications Government Communications Systems Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation sensors air traffic management solutions image processing and distribution communications and information systems.

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