Harman International Industries Inc /de/ (HAR): Ralph Santana , Chief Marketing Officer of Harman International Industries Inc /de/ sold 3,650 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $72.17 per share for a total value of $263,420.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, John Stacey (EVP and Chief HR Officer) sold 8,000 shares at $81.33 per share price.On Feb 3, 2016, Michael Mauser (EVP, Pres. Lifestyle Audio) sold 11,254 shares at $73.08 per share price.Also, On Feb 3, 2016, David Slump (EVP, Operations) sold 3,974 shares at $71.43 per share price.On Nov 4, 2015, Todd A Suko (EVP, General Counsel) sold 4,602 shares at $110.63 per share price.
Harman International Industries /DE/: On Friday, May 6, 2016 heightened volatility was witnessed in Harman International Industries /DE/ which led to swings in the share price. The shares opened for trading at $72.17 and hit $73.43 on the upside , eventually ending the session at $73.14, with a gain of 0.51% or 0.37 points. The heightened volatility saw the trading volume jump to 8,90,256 shares. The 52-week high of the share price is $132.74 and the company has a market cap of $5,160 M . The 52-week low of the share price is at $66.2.
Company has been under the radar of several Street Analysts.Harman International Industries /DE/ is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 85 from a previous price target of $90 . The Rating was issued on Apr 29, 2016.Harman International Industries /DE/ is Initiated by Goldman to Buy and the brokerage firm has set the Price Target at $110. The Rating was issued on Mar 31, 2016.
Harman International Industries Incorporated is engaged in the designing and engineering of connected products and solutions for automakers consumers and enterprises including audio systems visual products enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications as well as a range of loudspeaker and electronics for home multimedia and mobile applications. The Professional segment provides audio lighting video and control and automation solutions for commercial enterprise and public space applications. The Services segment creates software solutions that integrate design mobility cloud and analytics. Its brands include AKG AMX Crown Harman/Kardon Infinity JBL JBL Professional Lexicon Mark Levinson Martin Revel Soundcraft and Studer.