Leggett & Platt Inc (LEG): John G. Moore , SVP – Chief Legal & HR Officer of Leggett & Platt Inc sold 3,637 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $49.50 per share for a total value of $180,030.77 , 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 3, 2016, Scott S Douglas (SVP – General Counsel) sold 2,000 shares at $49.53 per share price.On Mar 22, 2016, Karl G Glassman (President & CEO) sold 15,000 shares at $48.13 per share price.Also, On Mar 22, 2016, Jack D Crusa (Senior Vice President) sold 10,000 shares at $48.16 per share price.On Mar 21, 2016, David M Desonier (SVP-Strategy&InvestorRelations) sold 7,648 shares at $47.90 per share price.
Leggett & Platt: On Monday, May 2, 2016 heightened volatility was witnessed in Leggett & Platt which led to swings in the share price. The shares opened for trading at $49.5 and hit $50.01 on the upside , eventually ending the session at $49.83, with a gain of 1.10% or 0.54 points. The heightened volatility saw the trading volume jump to 15,28,748 shares. The 52-week high of the share price is $51.28 and the company has a market cap of $6,762 M . The 52-week low of the share price is at $36.64.
Leggett & Platt Incorporated is a manufacturer that conceives designs and produces a range of engineered components and products found in homes offices automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment which include work furniture group that designs manufactures and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group which operates a steel rod mill and tubing group which supplies welded steel tubing and Specialized Products segment designs manufactures and sells products including automotive seating components specialized machinery and equipment and service van interiors. Its brands include Semi-Flex ComfortCore Mira-Coil Lura-Flex Superlastic Super Sagless Tack & Jump Schukra Gribetz Masterack and Hanes among others.