Koppers Holdings Inc. (KOP) Files Form 4 Insider Selling : Markus G Spiess Sells 4,551 Shares

Koppers Holdings Inc. (KOP): Markus G Spiess , VP, Global Sales and Marketing of Koppers Holdings Inc. sold 4,551 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $25.16 per share for a total value of $114,503.16 , 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 24, 2016, Louis L Testoni (director) purchased 4,100 shares at $24.68 per share price.On May 20, 2016, Albert J Neupaver (director) purchased 3,000 shares at $23.80 per share price.Also, On Dec 1, 2015, Stephen R Tritch (director) sold 6,381 shares at $22.68 per share price.On Aug 24, 2015, M Leroy Ball (CEO) purchased 1,000 shares at $20.24 per share price.

Koppers Holdings: On Wednesday, May 25, 2016 heightened volatility was witnessed in Koppers Holdings which led to swings in the share price. The shares opened for trading at $25.1 and hit $26.15 on the upside , eventually ending the session at $26.02, with a gain of 4.37% or 1.09 points. The heightened volatility saw the trading volume jump to 1,18,724 shares. The 52-week high of the share price is $27.38 and the company has a market cap of $537 M . The 52-week low of the share price is at $13.58.

Koppers Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Koppers Holdings is Reiterated by Monness Crespi & Hardt to Buy and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $27 .The Rating was issued on May 9, 2016.Koppers Holdings is Upgraded by Monness Crespi & Hardt to Buy and the brokerage firm has set the Price Target at $27. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.

Koppers Holdings Inc. (Koppers) is an integrated global provider of carbon compounds chemicals and treated wood products and services. Koppers’ products and services are used in various end-markets including the aluminum railroad specialty chemical utility rubber concrete steel residential lumber and agricultural industries. Koppers operates through three segments: Carbon Materials and Chemicals (CMC) Railroad and Utility Products and Services (RUPS) and Performance Chemicals (PC). The CMC segment is primarily a manufacturer of carbon pitch naphthalene phthalic anhydride creosote and carbon black feedstock. The RUPS segment sells treated and untreated wood products manufactured products and services primarily to the railroad and public utility markets. The PC segment sells preservatives for residential and agricultural treated lumber that includes decking and fencing. Koppers has manufacturing facilities in North America South America Australasia China and Europe.

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