Miller Industries Inc /tn/ (MLR): A Russell Iii Chandler , director of Miller Industries Inc /tn/ sold 1,000 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $20.40 per share for a total value of $20,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 5, 2015, A Russell Iii Chandler (director) sold 2,000 shares at $20.10 per share price.On Apr 2, 2015, Jeffrey I Badgley (Co-Chief Executive Officer) sold 7,800 shares at $24.87 per share price.
Miller Industries: On Tuesday, May 10, 2016 heightened volatility was witnessed in Miller Industries which led to swings in the share price. The shares opened for trading at $20.49 and hit $20.6785 on the upside , eventually ending the session at $20.57, with a gain of 0.29% or 0.06 points. The heightened volatility saw the trading volume jump to 19,867 shares. The 52-week high of the share price is $23.79 and the company has a market cap of $233 M . The 52-week low of the share price is at $17.
Miller Industries Inc. is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers which are installed on truck chassis manufactured by third parties. Wreckers generally are used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with rotating hydraulic booms and up to 75-ton lifting capacities. Car carriers are flatbed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers transport new or disabled vehicles and other equipment and are used for longer distances. The Company purchases truck chassis for resale. It also manufactures vehicle transport trailers.