Bankrate, Inc. (RATE) Files Form 4 Insider Selling : James R Gilmartin Sells 3,119 Shares

Bankrate, Inc. (RATE): James R Gilmartin , SVP, General Counsel of Bankrate, Inc. sold 3,119 shares on May 17, 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 $8.68 per share for a total value of $27,072.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 10, 2015, Christopher J Speltz (CEO, Credit Cards) sold 5,000 shares at $14.98 per share price.

Bankrate Inc: On Monday, May 16, 2016 heightened volatility was witnessed in Bankrate Inc which led to swings in the share price. The shares opened for trading at $8.73 and hit $8.8 on the upside , eventually ending the session at $8.72, with a gain of 0.23% or 0.02 points. The heightened volatility saw the trading volume jump to 4,83,193 shares. The 52-week high of the share price is $15.8 and the company has a market cap of $788 M . The 52-week low of the share price is at $6.59.

Bankrate Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Bankrate Inc is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Feb 26, 2016.Bankrate Inc is Downgraded by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 9 from a previous price target of $16 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 25, 2016.Bankrate Inc is Downgraded by Topeka Capital Markets to Hold while Lowering the Price Target of the company shares to $ 9 from a previous price target of $19 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 25, 2016.

Bankrate Inc. (Bankrate) is a publisher aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories including mortgages deposits insurance credit cards senior care and other personal finance categories. It operates through segments including Banking Credit Cards Insurance and Other. Through its Bankrate.com brand it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumer’s credit application primarily through its Credi

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