Shenandoah Telecommunications Co/va/ (SHEN) Files Form 4 Insider Selling : Thomas A Whitaker Sells 3,000 Shares

Shenandoah Telecommunications Co/va/ (SHEN): Thomas A Whitaker , SR VP – Operations of Shenandoah Telecommunications Co/va/ sold 3,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $36.00 per share for a total value of $108,000.00 , 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 23, 2016, James E Ii Zerkel (director) sold 20,000 shares at $24.81 per share price.On May 11, 2016, Raymond B Ostroski (VP Legal & General Counsel) sold 2,000 shares at $30.32 per share price.Also, On Mar 30, 2016, Earle A Mackenzie (Executive Vice President) sold 49,890 shares at $25.70 per share price.On Sep 24, 2015, Adele M Skolits (VP Finance &Treasurer) sold 2,500 shares at $43.30 per share price.

Shenandoah Telecommunications Company: On Monday, Jun 20, 2016 heightened volatility was witnessed in Shenandoah Telecommunications Company which led to swings in the share price. The shares opened for trading at $34.95 and hit $36.08 on the upside , eventually ending the session at $35.65, with a gain of 2.59% or 0.9 points. The heightened volatility saw the trading volume jump to 2,77,056 shares. The 52-week high of the share price is $36.21 and the company has a market cap of $1,739 M . The 52-week low of the share price is at $15.675.

Shenandoah Telecommunications Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Shenandoah Telecommunications Company is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 9, 2016.Shenandoah Telecommunications Company is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $30 .The Rating was issued on May 2, 2016.Shenandoah Telecommunications Company is Initiated by Macquarie to Neutral. The Rating was issued on Apr 5, 2016.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia West Virginia central Pennsylvania and western Maryland. The Company operates in four segments: Wireless Cable Wireline and Other. The Company’s Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg York and Altoona Pennsylvania to Harrisonburg Virginia. The Cable segment provides video Internet and voice services in franchise areas in portions of Virginia West Virginia and western Maryland. The Wireline segment provides regulated and unregulated voice services digital subscriber lines (DSL) Internet access and long distance access services. The Other segment includes operations of Shenandoah Telecommunications Company.

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