Ipg Photonics Corp (IPGP) Files Form 4 Insider Selling : Eugene A Shcherbakov Sells 2,750 Shares

Ipg Photonics Corp (IPGP): Eugene A Shcherbakov , director officer 10% owner (SVP, MD IPG Laser Gmb of Ipg Photonics Corp sold 2,750 shares on Apr 13, 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 $98.50 per share for a total value of $270,875.00 according the SEC Form 4 Filing.

Currently the company Insiders own 34.7% of IPG Photonics Corporation shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -0.71%.Institutional Investors own 67.26% of IPG Photonics Corporation shares.During last six month period, the net percent change held by insiders has seen a change of -0.74%.

Shares of IPG Photonics Corporation (IPGP) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -0.23% at $93.79 with 1,93,033 shares getting traded. Post opening the session at $94.07, the shares hit an intraday low of $93.13 and an intraday high of $94.81 and the price vacillated in this range throughout the day. The company has a market cap of $4,960 M and the number of outstanding shares has been calculated to be 5,28,87,734 shares. The 52-week high of IPG Photonics Corporation is $102.49 and the 52-week low is $70.21.

IPG Photonics Corporation Money Flow Index Chart

IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers fiber amplifiers and diode lasers that are used for various applications primarily in materials processing. The Company offers a line of lasers and amplifiers which are used in materials processing advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs) system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes direct diode lasers laser systems communications systems and materials processing laser systems that utilize its optical fiber-based products as well as other laser sources. It also manufactures complementary products used with its lasers including optical delivery cables fiber couplers beam switches optical processing heads and chillers.

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