Genie Energy Ltd. (GNE) Files Form 4 Insider Selling : Howard S Jonas Sells 263,713 Shares

Genie Energy Ltd. (GNE): Howard S Jonas , director officer 10% owner (Chairman of the Board of Genie Energy Ltd. sold 263,713 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $6.32 per share for a total value of $1,666,666.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2015, Alan B Rosenthal (director) purchased 10,000 shares at $7.19 per share price.

Genie Energy Ltd: On Monday, Apr 18, 2016 heightened volatility was witnessed in Genie Energy Ltd which led to swings in the share price. The shares opened for trading at $6.65 and hit $8.48 on the upside , eventually ending the session at $8.33, with a gain of 26.02% or 1.72 points. The heightened volatility saw the trading volume jump to 4,59,514 shares. The 52-week high of the share price is $14.97 and the company has a market cap of $205 M . The 52-week low of the share price is at $6.32.

Genie Energy Ltd Money Flow Index Chart

Currently the company Insiders own 34% of Genie Energy Ltd shares according to the proxy statements.Institutional Investors own 19.61% of Genie Energy Ltd shares.

Genie Energy Ltd. (Genie) owns approximately 99.3% of its subsidiary Genie Energy International Corporation which wholly owns Genie Retail Energy and approximately 92% of Genie Oil and Gas Inc. The Company operates in two segments: Genie Retail Energy and Genie Oil and Gas. Genie Retail Energy is an independent supplier of electricity and natural gas to homes and small business in the Mid-Atlantic and Midwestern United States. Genie Retail Energy operates retail energy providers including IDT Energy and Residents Energy and energy brokerage and marketing services. Genie Oil and Gas Inc. is a resource and technology development company engaged in producing transportation fuels from oil and gas resources. Genie Oil and Gas Inc. has projects including a conventional oil and gas project in Northern Israel and early stage unconventional projects.

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