Hasbro Inc (HAS) Files Form 4 Insider Selling : Wiebe Tinga Sells 25,000 Shares

Hasbro Inc (HAS): Wiebe Tinga , EVP & Chief Commerical Officer of Hasbro Inc sold 25,000 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $85.01 per share for a total value of $2,125,152.50 , 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 4, 2016, Deborah Thomas (EVP & Chief Financial Officer) sold 53,070 shares at $85.81 per share price.On May 4, 2016, Wiebe Tinga (EVP & Chief Commercial Officer) sold 3,040 shares at $85.66 per share price.Also, On Apr 27, 2016, Barbara Finigan (EVP, Chief Legal Officer & Sec) sold 19,885 shares at $87.04 per share price.On Apr 25, 2016, Duncan Billing (EVP,Glbl Operations & Bus Devl) sold 34,122 shares at $87.38 per share price.

Shares of Hasbro (HAS) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -0.57% at $84.39 with 8,72,524 shares getting traded. Post opening the session at $85.15, the shares hit an intraday low of $84.14 and an intraday high of $85.53 and the price vacillated in this range throughout the day. The company has a market cap of $10,523,602 M and the number of outstanding shares has been calculated to be 1,24,70,20,00,000 shares. The 52-week high of Hasbro is $88.53 and the 52-week low is $60.38.

Hasbro Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hasbro is Downgraded by Piper Jaffray to Neutral and the brokerage firm has set the Price Target at $88. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 10, 2016.Hasbro is Reiterated by Monness Crespi & Hardt to Buy and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $84 .The Rating was issued on Apr 19, 2016.Hasbro is Initiated by JP Morgan to Neutral and the brokerage firm has set the Price Target at $81. The Rating was issued on Apr 7, 2016.Hasbro is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 84 from a previous price target of $83 .The Rating was issued on Mar 31, 2016.Hasbro is Initiated by UBS to Neutral and the brokerage firm has set the Price Target at $83. The Rating was issued on Mar 24, 2016.

Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Company’s business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.

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