Sonoco Products Co (SON) Files Form 4 Insider Selling : Allan H Mcleland Sells 5,875 Shares

Sonoco Products Co (SON): Allan H Mcleland , VP Human Resources of Sonoco Products Co sold 5,875 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $50.00 per share for a total value of $293,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, James A. Iii Harrell (VP Tubes,Cores USA,CND) sold 1,000 shares at $50.00 per share price.On Jul 1, 2016, Marcy J Thompson (VP,Marketing&Innovations) sold 549 shares at $49.00 per share price.Also, On Jun 1, 2016, Barry L Saunders (Sr VP, CFO) sold 9,009 shares at $47.61 per share price.On Apr 29, 2016, Vicki B Arthur (VP Global Protective Solutions) sold 4,000 shares at $48.00 per share price.

Shares of Sonoco Products Co (SON) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.7 points or -1.40% at $49.42 with 6,45,449 shares getting traded. Post opening the session at $49.89, the shares hit an intraday low of $49.1 and an intraday high of $49.93 and the price vacillated in this range throughout the day. The company has a market cap of $4,979 M and the number of outstanding shares has been calculated to be 10,07,56,169 shares. The 52-week high of Sonoco Products Co is $50.13 and the 52-week low is $34.68.

Sonoco Products Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sonoco Products Co is Initiated by Goldman to Neutral. The Rating was issued on May 12, 2016.Sonoco Products Co is Downgraded by DA Davidson to Underperform and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 11, 2016.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging Paper and Industrial Converted Products Display and Packaging and Protective Solutions. The Company has 335 locations in 33 countries. The Company’s Consumer Packaging segment’s operations comprise 90 plants across the world. The Company’s Display and Packaging segment’s operations comprise 27 plants around the world including the United States Poland Mexico and Brazil. The Company’s Paper and Industrial Converted Products segment provides the primary raw material for the Company’s fiber-based packaging. The Protective Solutions segment’s products include custom-engineered paperboard-based and expanded foam protective packaging and components and temperature-assured packaging.

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