American Superconductor Corp /de/ (AMSC) Files Form 4 Insider Selling : James F Maguire Sells 29,938 Shares

American Superconductor Corp /de/ (AMSC): James F Maguire , EVP, Operations of American Superconductor Corp /de/ sold 29,938 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $10.15 per share for a total value of $304,014.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, David A Henry (EVP, CFO & Treasurer) sold 12,545 shares at $8.21 per share price.On Feb 6, 2015, John Vander Sande (director) sold 5,000 shares at $1.15 per share price.

American Superconductor Corporation: On Thursday, May 19, 2016 heightened volatility was witnessed in American Superconductor Corporation which led to swings in the share price. The shares opened for trading at $10.3 and hit $10.95 on the upside , eventually ending the session at $10.77, with a gain of 7.27% or 0.73 points. The heightened volatility saw the trading volume jump to 1,24,056 shares. The 52-week high of the share price is $12.5 and the company has a market cap of $151,232 M . The 52-week low of the share price is at $3.26.

American Superconductor Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.American Superconductor Corporation is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $14. The Rating was issued on May 19, 2016.

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand the Wind business segment enables manufacturers to field wind turbines. Through the Gridtec Solutions brand the Grid business segment enables electric utilities and renewable energy project developers to connect transmit and distribute power. AMSC supplies power electronics and control systems licenses its engineered wind turbine designs and provides customer support services to wind turbine manufacturers. AMSC provides a range of power electronics and software-based control systems and transmission planning services. The Company also sells grid interconnection solutions for wind farms and solar power plants power quality systems and transmission and distribution cable systems. AMSC also sells ship protection products to the United States Navy through its Grid business segment.

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