Expeditors International Of Washington Inc (EXPD) Files Form 4 Insider Selling : Daniel R Wall Sells 10,000 Shares

Expeditors International Of Washington Inc (EXPD): Daniel R Wall , President, Global Products of Expeditors International Of Washington Inc sold 10,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $48.97 per share for a total value of $489,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 10, 2016, Jeffrey S Musser (President and CEO) sold 9,460 shares at $47.42 per share price.On Mar 9, 2016, Philip M Coughlin (President Global Geographies) sold 9,513 shares at $47.25 per share price.Also, On Mar 8, 2016, Daniel R Wall (President, Global Products) sold 8,000 shares at $47.17 per share price.On Mar 1, 2016, Eugene K Alger (Executive VP Global Services) sold 10,000 shares at $46.08 per share price.

Shares of Expeditors International of Washington (EXPD) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -0.63% at $48.87 with 17,85,190 shares getting traded. Post opening the session at $49.23, the shares hit an intraday low of $48.73 and an intraday high of $49.475 and the price vacillated in this range throughout the day. The company has a market cap of $8,897 M and the number of outstanding shares has been calculated to be 18,20,59,030 shares. The 52-week high of Expeditors International of Washington is $51.8 and the 52-week low is $40.41.

Expeditors International of Washington Money Flow Index Chart

Company has been under the radar of several Street Analysts.Expeditors International of Washington is Downgraded by BB&T Capital Mkts to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.Expeditors International of Washington is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $51 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 15, 2016.Expeditors International of Washington is Initiated by Cowen to Market Perform and the brokerage firm has set the Price Target at $53. The Rating was issued on Mar 18, 2016.

Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Company’s services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.

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