Hni Corp (HNI) Files Form 4 Insider Selling : Ronald V Waters Sells 5,000 Shares

Hni Corp (HNI): Ronald V Waters , director of Hni Corp sold 5,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $44.70 per share for a total value of $223,490.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 31, 2016, Jerald K Dittmer (Executive Vice President) sold 8,200 shares at $55.89 per share price.On Aug 30, 2016, Donald T Mead (Executive Vice President) sold 26,343 shares at $54.94 per share price.Also, On Aug 1, 2016, Larry B Porcellato (director) sold 5,000 shares at $52.72 per share price.On Aug 1, 2016, Stanley A Askren (Chairman, President & CEO) sold 58,676 shares at $52.61 per share price.

Shares of HNI Corp (HNI) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -13.24 points or -24.42% at $40.97 with 19,54,424 shares getting traded. Post opening the session at $46.5, the shares hit an intraday low of $40.96 and an intraday high of $47.46 and the price vacillated in this range throughout the day. The company has a market cap of $1,821 M and the number of outstanding shares has been calculated to be 4,44,54,811 shares. The 52-week high of HNI Corp is $56.96 and the 52-week low is $29.84.

HNI Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.HNI Corp 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 Sep 20, 2016.

HNI Corporation (HNI) provides office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. The Company operates through two segments: office furniture and hearth products. The Company’s office furniture segment designs manufactures and markets a broad range of office furniture systems and seating across a range of price points. The Company’s products are sold under the various brands including HON Allsteel Maxon Gunlocke Paoli HBF artcobell Midwest Folding Products American Desk basyx by HON Lamex and ERGO as well as private labels. The Company’s hearth products segment offers products including gas wood and pellet burning fireplaces inserts stoves facings and accessories. The Company sells its products under the brands including Heatilator Heat & Glo Majestic Monessen Quadra-Fire Harman Stove Vermont Castings and PelPro.

Leave a Reply

HNI Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on HNI Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.