Flir Systems Inc (FLIR) Files Form 4 Insider Selling : Jeffrey Frank Sells 10,000 Shares

Flir Systems Inc (FLIR): Jeffrey Frank , Vice President, Global Product of Flir Systems Inc sold 10,000 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $30.73 per share for a total value of $307,300.00 , 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 6, 2016, Earl R Lewis (director) sold 52,288 shares at $30.99 per share price.On Jun 6, 2016, Angus L Macdonald (director) sold 5,340 shares at $31.10 per share price.Also, On Mar 14, 2016, Steven E Wynne (director) sold 20,000 shares at $31.95 per share price.On Mar 2, 2016, Michael T Smith (director) sold 15,000 shares at $31.76 per share price.

FLIR Systems: On Monday, Sep 12, 2016 heightened volatility was witnessed in FLIR Systems which led to swings in the share price. The shares opened for trading at $30.7 and hit $31.22 on the upside , eventually ending the session at $31.09, with a gain of 1.27% or 0.39 points. The heightened volatility saw the trading volume jump to 821,766 shares. The 52-week high of the share price is $34.085 and the company has a market cap of $4,268 M . The 52-week low of the share price is at $25.12.

FLIR Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.FLIR Systems is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jul 25, 2016.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

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