Cim Commercial Trust Corp (CMCT): Avraham Shemesh , director 10% owner of Cim Commercial Trust Corp purchased 171 shares on Apr 28, 2016. The Insider buying transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.75 per share for a total value of $3,208.50 , 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 2, 2016, Shaul Kuba (director 10% owner) purchased 171 shares at $18.75 per share price.On May 2, 2016, Charles E Ii Garner (Chief Executive Officer) purchased 86 shares at $18.75 per share price.Also, On Apr 27, 2016, Avraham Shemesh (director 10% owner) purchased 250 shares at $18.83 per share price.On Apr 27, 2016, Richard S Ressler (director 10% owner) purchased 500 shares at $18.83 per share price.
CIM Commercial Trust Corp: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in CIM Commercial Trust Corp which led to swings in the share price. The shares opened for trading at $18.87 and hit $18.87 on the upside , eventually ending the session at $18.818, with a gain of 1.06% or 0.198 points. The heightened volatility saw the trading volume jump to 3,322 shares. The 52-week high of the share price is $21.55 and the company has a market cap of $1,838 M . The 52-week low of the share price is at $14.31.
CIM Commercial Trust Corporation acquires owns and operates office properties in urban communities throughout the United States. The Company operates in four business segments: the acquisition redevelopment ownership and management of office real estate (office segment); multifamily real estate (multifamily segment); hotels (hotel segment) and lending operations (lending segment). The products for the Company’s office segment primarily include rental of office space and other tenant services including tenant reimbursements parking and storage space rental. The products for its multifamily segment include rental of apartments and other tenant services. The products of its hotel segment include operations of hotel properties a garage and an investment in a note receivable secured by a hotel property. The lending segment includes the yield and other related fee income earned on its loans receivable.