Imation Corp (IMN) Files Form 4 Insider Buying : Robert B. Fernander Buys 21,204 Shares

Imation Corp (IMN): Robert B. Fernander , CEO of Imation Corp purchased 21,204 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.68 per share for a total value of $35,722.72 , 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, Robert B. Fernander (CEO) purchased 6,900 shares at $1.25 per share price.On Mar 14, 2016, Perio Joseph A De (director) purchased 75,738 shares at $1.29 per share price.Also, On Dec 1, 2015, John P Breedlove (VP, General Counsel & Corp Sec) sold 15,000 shares at $1.94 per share price.On Nov 16, 2015, Greg J Bosler (Senior VP, Group Pres., CSA) sold 35,584 shares at $1.79 per share price.

Shares of Imation Corp. (IMN) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -1.76% at $1.67 with 1,21,281 shares getting traded. Post opening the session at $1.7, the shares hit an intraday low of $1.65 and an intraday high of $1.72 and the price vacillated in this range throughout the day. The company has a market cap of $62 M and the number of outstanding shares has been calculated to be 3,71,61,650 shares. The 52-week high of Imation Corp. is $4.72 and the 52-week low is $0.61.

Imation Corp. Money Flow Index Chart

Imation Corp. is a data storage and security company. The Company operates in two business segments: Tiered Storage and Security Solutions (TSS) and Consumer Storage and Accessories (CSA). The Company has four product categories: Storage and Security Solutions and Commercial Storage Media in its TSS business segment and Consumer Storage Media and Audio and Accessories in its CSA segment. Its brands include Imation Nexsan IronKey TDK Life on Record TREK and Memorex. The Company markets its products through a combination of distributors wholesalers value-added resellers (VARs) original equipment manufacturers (OEMs) and retail outlets.

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