Inter Parfums Inc (IPAR) Files Form 4 Insider Selling : Philippe Santi Sells 3,000 Shares

Inter Parfums Inc (IPAR): Philippe Santi , CFO Interparfums SA of Inter Parfums Inc sold 3,000 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $30.68 per share for a total value of $91,887.82 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Inter Parfums is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 22, 2016.

Currently the company Insiders own 45.5% of Inter Parfums shares according to the proxy statements.Institutional Investors own 53.24% of Inter Parfums shares.During last six month period, the net percent change held by insiders has seen a change of -83.17%.

Inter Parfums: On Monday, Apr 11, 2016 heightened volatility was witnessed in Inter Parfums which led to swings in the share price. The shares opened for trading at $30.26 and hit $30.88 on the upside , eventually ending the session at $30.48, with a gain of 1.13% or 0.34 points. The heightened volatility saw the trading volume jump to 89,476 shares. The 52-week high of the share price is $35.22 and the company has a market cap of $946 M . The 52-week low of the share price is at $20.3676.

Inter Parfums Money Flow Index Chart

Inter Parfums Inc. operates in the fragrance business and manufacture markets and distributes an array of fragrances and fragrance related products. The Company operates in two segments: European-based operations and United States-based operations. The Company produces and distributes prestige fragrance products primarily under license agreements with brand owners and prestige product sales through its European operations. It has a portfolio of prestige brands which include Balmain Boucheron Jimmy Choo Karl Lagerfeld Lanvin Montblanc Paul Smith S.T. Dupont Repetto and Van Cleef & Arpels whose products are distributed in over 100 countries around the world. The Company’s Prestige brand and specialty retail fragrance and fragrance related products are marketed through its United States operations. Its brands include Abercrombie & Fitch Agent Provocateur Anna Sui Banana Republic bebe Dunhill Gap Hollister Oscar de la Renta and Shanghai Tang brands.

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