Cablevision Systems Corp /ny (CVC) Files Form 4 Insider Selling : Leonard Tow Sells 1,403 Shares

Cablevision Systems Corp /ny (CVC): Leonard Tow , director of Cablevision Systems Corp /ny sold 1,403 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $34.53 per share for a total value of $48,445.73 , 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 11, 2016, Frank Biondi (director) sold 4,000 shares at $34.50 per share price.On May 11, 2016, Thomas V Reifenheiser (director) sold 1,405 shares at $34.50 per share price.Also, On Nov 13, 2015, Kathleen Margaret Dolan (other) sold 30,000 shares at $31.06 per share price.On Nov 13, 2015, Marianne Dolan Weber (director other) sold 4,000 shares at $31.24 per share price.

Cablevision Systems Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Cablevision Systems Corporation which led to swings in the share price. The shares opened for trading at $34.65 and hit $34.7 on the upside , eventually ending the session at $34.64, with a gain of 0.12% or 0.04 points. The heightened volatility saw the trading volume jump to 35,92,466 shares. The 52-week high of the share price is $34.7 and the company has a market cap of $9,572 M . The 52-week low of the share price is at $19.75.

Cablevision Systems Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cablevision Systems Corporation is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $23 .The Rating was issued on Feb 25, 2016.

Cablevision Systems Corporation (Cablevision) through its subsidiary CSC Holdings LLC (CSC Holdings and collectively with Cablevision) and their subsidiaries operates cable operations business in the United States. The Company operates in three reportable segments: Cable consisting of its video high-speed data and Voice over Internet Protocol (VoIP) operations; Lightpath which provides Ethernet-based data Internet voice and video transport and managed services to the business market in the New York metropolitan area and Other consisting principally of the operations of Newsday which includes the Newsday daily newspaper amNew York Star Community Publishing Group and online Websites such as the News 12 Networks which provide regional news programming services Cablevision Media Sales Corporation (Cablevision Media Sales) a cable television advertising company and certain other businesses and unallocated corporate costs.

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