Resolute Forest Products Inc. (RFP) Files Form 4 Insider Buying : Michael S Rousseau Buys 20,000 Shares

Resolute Forest Products Inc. (RFP): Michael S Rousseau , director of Resolute Forest Products Inc. purchased 20,000 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.18 per share for a total value of $103,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2015, Navigator Master, L. Steelhead (10% owner) sold 2,750,000 shares at $11.40 per share price.On Feb 13, 2015, Silvana Travaglini (Vice president & CAO) sold 2,479 shares at $18.73 per share price.Also, On Feb 13, 2015, Pierre Laberge (Senior Vice President) sold 800 shares at $18.39 per share price.

Resolute Forest Products Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Resolute Forest Products Inc which led to swings in the share price. The shares opened for trading at $4.94 and hit $5.205 on the upside , eventually ending the session at $4.99, with a gain of 1.84% or 0.09 points. The heightened volatility saw the trading volume jump to 6,72,112 shares. The 52-week high of the share price is $12.16 and the company has a market cap of $447 M . The 52-week low of the share price is at $3.79.

Resolute Forest Products Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Resolute Forest Products Inc is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $7. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.Resolute Forest Products Inc is Downgraded by CIBC to Sector Underperform. Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on Apr 22, 2016.Resolute Forest Products Inc is Downgraded by TD Securities to Reduce. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 1, 2016.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company which offers products including newsprint specialty papers market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States Canada and South Korea and power generation assets in Canada. The Company operates through four segments: newsprint specialty papers market pulp and wood products. It also sells green power produced from renewable sources wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

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