Crossamerica Partners Lp (CAPL): Jeremy Bergeron , President of Crossamerica Partners Lp purchased 2,000 shares on May 9, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $23.30 per share for a total value of $46,589.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Jeremy Bergeron (President) purchased 2,500 shares at $23.91 per share price.On Mar 9, 2016, Hamlet T Jr Newsom (VP General Counsel & Secretary) purchased 370 shares at $23.90 per share price.Also, On Aug 28, 2015, John B. Iii Reilly (director) purchased 10,000 shares at $23.01 per share price.On Aug 28, 2015, Joseph V. Jr. Topper (CEO) purchased 14,300 shares at $22.11 per share price.
Crossamerica Partners LP: On Friday, May 6, 2016 heightened volatility was witnessed in Crossamerica Partners LP which led to swings in the share price. The shares opened for trading at $23 and hit $23.2299 on the upside , eventually ending the session at $22.95, with a gain of 0.22% or 0.05 points. The heightened volatility saw the trading volume jump to 53,605 shares. The 52-week high of the share price is $35.89 and the company has a market cap of $760 M . The 52-week low of the share price is at $17.388.
Company has been under the radar of several Street Analysts.Crossamerica Partners LP is Initiated by Jefferies to Buy. The Rating was issued on Apr 8, 2016.
CrossAmerica Partners LP is engaged in the distribution of motor fuels including gasoline and diesel fuel. The Company owns and leases real estate used in the retail distribution of motor fuels. The Company’s sites are located in Pennsylvania New Jersey Ohio New York Massachusetts Kentucky New Hampshire Maine Florida Maryland Delaware Tennessee Virginia Illinois Indiana and West Virginia. The Company also distributes motor fuel in Georgia and North Carolina. The Company operates in two segments: wholesale and retail. As of December 31 2014 the Company distributed motor fuels to 1074 sites. The Company purchases branded and unbranded motor fuel from integrated oil companies refiners and unbranded fuel suppliers. The Company operates 87 convenience stores in Virginia and West Virginia. In addition the Company through One Stop convenience stores network owns 41 stores in Charleston West Virginia.