Klx Inc. (KLXI) Files Form 4 Insider Selling : Roger Mark Franks Sells 5,270 Shares

Klx Inc. (KLXI): Roger Mark Franks , Gen. Counsel & VP, Law & HR of Klx Inc. sold 5,270 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 $33.22 per share for a total value of $175,069.41 , 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 25, 2016, Theodore L Weise (director) purchased 2,000 shares at $30.43 per share price.On Mar 22, 2016, Heather Floyd (VP Finance & Controller) sold 405 shares at $32.50 per share price.Also, On Jan 8, 2016, John T Collins (director) purchased 5,000 shares at $28.02 per share price.On Dec 4, 2015, Richard Hamermesh (director) purchased 3,000 shares at $39.93 per share price.

KLX Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in KLX Inc which led to swings in the share price. The shares opened for trading at $31.57 and hit $33.03 on the upside , eventually ending the session at $33.03, with a gain of 5.26% or 1.65 points. The heightened volatility saw the trading volume jump to 6,66,468 shares. The 52-week high of the share price is $45.05 and the company has a market cap of $1,744 M . The 52-week low of the share price is at $25.33.

KLX Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.KLX Inc is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 37 from a previous price target of $39 . The Rating was issued on May 24, 2016.

KLX Inc. (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. It operates in two segments: Aerospace Solutions Group (ASG) segment and Energy Services Group (ESG) segment. Its customers include oil and gas companies that are engaged in the exploration and production (E&P) and development of oil and gas properties. Through the Company’s global facilities network and information technology systems it offers unparalleled service to commercial airlines business jet and defense original equipment manufacturers and their subcontractors (OEMs) maintenance repair and overhaul (MRO) operators and fixed base operators (FBOs). Its systems support both internal distribution processes along with customer services including just-in-time (JIT) deliveries and kitting solutions. It provides access to over one million stock keeping units (SKUs).

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