Patrick Industries Inc (PATK) Files Form 4 Insider Selling : Todd M Cleveland Sells 30,000 Shares

Patrick Industries Inc (PATK): Todd M Cleveland , CEO of Patrick Industries Inc sold 30,000 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $49.79 per share for a total value of $1,493,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Todd M Cleveland (CEO) sold 1,515 shares at $43.01 per share price.On Mar 10, 2016, Jeff Rodino (EVP-Sales & COO) sold 20,000 shares at $43.87 per share price.Also, On Feb 24, 2016, Courtney Blosser (VP Human Resources) sold 10,799 shares at $41.86 per share price.On Nov 20, 2015, M Scott Welch (director) purchased 9,800 shares at $39.71 per share price.

Patrick Industries: On Friday, Apr 22, 2016 heightened volatility was witnessed in Patrick Industries which led to swings in the share price. The shares opened for trading at $48.21 and hit $50.48 on the upside , eventually ending the session at $49.51, with a gain of 1.58% or 0.77 points. The heightened volatility saw the trading volume jump to 2,66,333 shares. The 52-week high of the share price is $50.48 and the company has a market cap of $754 M . The 52-week low of the share price is at $29.28.

Patrick Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Patrick Industries is Downgraded by CL King to Neutral. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Mar 31, 2016.

Patrick Industries Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle and manufactured housing industries. It is a supplier to certain other industrial markets such as kitchen cabinet office and household furniture fixtures and commercial furnishings marine and other industrial markets. The Company operates in two segments: Manufacturing and Distribution. The Company manufactures a variety of products including decorative vinyl and paper laminated panels fabricated aluminum products wrapped vinyl paper and hardwood profile moldings solid surface granite and quartz countertops cabinet doors and components hardwood furniture fiberglass bath and shower fixtures fiberglass and plastic component products including front and rear caps and marine helms slide-out trim and fascia interior passage doors exterior graphics and RV painting and slotwall panels and components among others.

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