Motorcar Parts America Inc (MPAA) Files Form 4 Insider Selling : Joffe Selwyn Sells 75,000 Shares

Motorcar Parts America Inc (MPAA): Joffe Selwyn , President, CEO & Chairman of Motorcar Parts America Inc sold 75,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $30.50 per share for a total value of $2,287,537.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 22, 2016, Joffe Selwyn (President, CEO & Chairman) sold 20,403 shares at $38.01 per share price.On Feb 29, 2016, Duane Franklin Miller (director) sold 14,000 shares at $32.85 per share price.Also, On Feb 29, 2016, Richard K Mochulsky (Vice President, Sales) sold 2,071 shares at $34.66 per share price.On Feb 29, 2016, David Sung Lee (CFO) sold 4,500 shares at $34.39 per share price.

Shares of Motorcar Parts of America (MPAA) ended Monday, Jun 20, 2016 session in red amid volatile trading. The shares closed down -0.56 points or -1.77% at $31.04 with 4,08,732 shares getting traded. Post opening the session at $31.9, the shares hit an intraday low of $29.882 and an intraday high of $32.24 and the price vacillated in this range throughout the day. The company has a market cap of $575 M and the number of outstanding shares has been calculated to be 1,85,34,711 shares. The 52-week high of Motorcar Parts of America is $41.03 and the 52-week low is $25.5001.

Motorcar Parts of America Money Flow Index Chart

Motorcar Parts of America Inc. (MPA) is a manufacturer remanufacturer and distributor of aftermarket automotive parts for import and domestic cars light trucks heavy duty agricultural and industrial applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). The Company’s products include rotating electrical products such as alternators and starters; wheel hub assemblies and bearings and new brake master cylinders. Its products meet equipment manufacturer specifications. It carries over 10000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ private label brand names and the Company’s Xtreme Reliance and other brand names. The Company sells its products to retail automotive chain stores including Advance AutoZone Genuine Parts (NAPA) O’Reilly and Pep Boys.

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