Arrow Electronics Inc (ARW): Michael J Long , Chairman, President & CEO of Arrow Electronics Inc sold 50,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $61.61 per share for a total value of $3,080,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Vincent P Melvin (Chief Information Officer) sold 5,365 shares at $61.58 per share price.On May 17, 2016, Andrew S Bryant (Chief Operating Officer) sold 13,540 shares at $61.82 per share price.Also, On May 11, 2016, Sean J Kerins (President, Global ECS) sold 10,000 shares at $60.92 per share price.On Feb 25, 2016, Mary Catherine Morris (Chief Strategy Officer) sold 2,289 shares at $57.12 per share price.
Arrow Electronics: On Monday, May 16, 2016 heightened volatility was witnessed in Arrow Electronics which led to swings in the share price. The shares opened for trading at $60.23 and hit $62.11 on the upside , eventually ending the session at $61.34, with a gain of 1.88% or 1.13 points. The heightened volatility saw the trading volume jump to 6,70,637 shares. The 52-week high of the share price is $65.52 and the company has a market cap of $5,621 M . The 52-week low of the share price is at $45.23.
Company has been under the radar of several Street Analysts.Arrow Electronics is Downgraded by Citigroup to Sell while Lowering the Price Target of the company shares to $ 53 from a previous price target of $70 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.Arrow Electronics is Resumed by BofA/Merrill to Buy. The Rating was issued on Apr 27, 2016.Arrow Electronics is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.
Arrow Electronics Inc. (Arrow) is a provider of products services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers coupled with a range of services solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory and disposition solutions to redeploy remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products services and solutions to value-added resellers (VARs) in the Americas EMEA and Asia Pacific regions.