Cray Inc (CRAY) Files Form 4 Insider Selling : Stephen C Kiely Sells 2,102 Shares

Cray Inc (CRAY): Stephen C Kiely , director of Cray Inc sold 2,102 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $31.00 per share for a total value of $65,162.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2016, Charles Daniel Fairchild (VP, Corp. Controller & CAO) sold 16,545 shares at $40.85 per share price.On Feb 22, 2016, Sally G Narodick (director) sold 15,000 shares at $41.25 per share price.Also, On Feb 22, 2016, Brian C Henry (Executive VP & CFO) sold 83,582 shares at $41.31 per share price.On Feb 18, 2016, Stephen C Kiely (director) sold 3,000 shares at $35.21 per share price.

Cray: On Friday, May 6, 2016 heightened volatility was witnessed in Cray which led to swings in the share price. The shares opened for trading at $30.44 and hit $33.95 on the upside , eventually ending the session at $32.51, with a gain of 6.03% or 1.85 points. The heightened volatility saw the trading volume jump to 11,46,461 shares. The 52-week high of the share price is $43.79 and the company has a market cap of $1,325 M . The 52-week low of the share price is at $18.

Cray Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cray is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.Cray is Downgraded by Craig Hallum to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.Cray is Upgraded by Sidoti to Buy and the brokerage firm has set the Price Target at $49. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 19, 2016.Cray is Initiated by Sidoti to Neutral. The Rating was issued on Mar 7, 2016.Cray is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $42 .The Rating was issued on Feb 29, 2016.

Cray Inc. designs develops manufactures markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software system maintenance and support services and engineering services related to supercomputer systems. The Company operates through segments which include Supercomputing Storage and Data Management Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing cluster storage and analytics technology. Its customers include domestic and foreign Government and Government-funded entities academic institutions and commercial entities.

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