Skullcandy, Inc. (SKUL): Rick Alden , director of Skullcandy, Inc. sold 25,000 shares on Apr 12, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $3.55 per share for a total value of $88,750.00.
Company has been under the radar of several Street Analysts.Skullcandy Inc is Reiterated by Oppenheimer to Outperform while Lowering the Price Target of the company shares to $ 6 from a previous price target of $8 . The Rating was issued on Jan 15, 2016.
Currently the company Insiders own 11.9% of Skullcandy Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -9.73%.Institutional Investors own 59.22% of Skullcandy Inc shares.During last six month period, the net percent change held by insiders has seen a change of -17.76%.
Skullcandy Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Skullcandy Inc which led to swings in the share price. The shares opened for trading at $3.45 and hit $3.52 on the upside , eventually ending the session at $3.45, with a gain of 1.17% or 0.04 points. The heightened volatility saw the trading volume jump to 98,633 shares. The 52-week high of the share price is $11.35 and the company has a market cap of $98 M . The 52-week low of the share price is at $2.75.
Skullcandy Inc. is a designer marketer and distributer of audio and gaming headphones earbuds speakers and other accessories under the Skullcandy Astro Gaming and 2XL brands. The Company’s products are sold and distributed through a variety of channels in the United States and approximately 80 countries across the world. The Company offers an array of styles and price points and includes audio products and categories such as gaming and sports performance women’s and Wireless offerings as well as partnerships with manufacturers to license its brand. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. International segment includes Skullcandy product sales to customers in Europe Asia Canada and Mexico which are served through the Company’s joint venture and other geographic areas outside the United States served by its International operations.