Methode Electronics Inc (MEI) Files Form 4 Insider Selling : Timothy Glandon Sells 39,183 Shares

Methode Electronics Inc (MEI): Timothy Glandon , VP&GM NA Automotive of Methode Electronics Inc sold 39,183 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $35.03 per share for a total value of $1,372,176.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 27, 2016, Lawrence B Skatoff (director) sold 500 shares at $34.92 per share price.On Sep 8, 2016, Isabelle C Goossen (director) sold 3,000 shares at $35.75 per share price.Also, On Sep 8, 2016, Donald W Duda (Chief Executive Officer) sold 40,000 shares at $35.50 per share price.On Aug 11, 2016, Paul G Shelton (director) sold 2,150 shares at $36.06 per share price.

Methode Electronics: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Methode Electronics which led to swings in the share price. The shares opened for trading at $35.33 and hit $35.46 on the upside , eventually ending the session at $35.18, with a gain of 0.31% or 0.11 points. The heightened volatility saw the trading volume jump to 1,94,082 shares. The 52-week high of the share price is $37.25 and the company has a market cap of $1,300 M . The 52-week low of the share price is at $23.83.

Methode Electronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Sep 2, 2016.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

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