Msc Industrial Direct Co Inc (MSM): David Sandler , Executive Vice Chairman of Msc Industrial Direct Co Inc sold 5,411 shares on May 10, 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 $75.99 per share for a total value of $411,190.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Christopher Davanzo (SVP, Finance and Controller) sold 2,106 shares at $76.74 per share price.On Apr 27, 2016, Steve Armstrong (SVP, GC and Corp. Secy.) sold 3,732 shares at $76.50 per share price.Also, On Apr 20, 2016, Charles Bonomo (Senior VP and CIO) sold 2,661 shares at $76.00 per share price.On Apr 19, 2016, Gregory Polli (SVP, PRODUCT MANAGEMENT) sold 12,303 shares at $74.80 per share price.
MSC Industrial Direct Co Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in MSC Industrial Direct Co Inc which led to swings in the share price. The shares opened for trading at $75.62 and hit $76.33 on the upside , eventually ending the session at $75.95, with a gain of 0.61% or 0.46 points. The heightened volatility saw the trading volume jump to 2,81,845 shares. The 52-week high of the share price is $78.35 and the company has a market cap of $4,661 M . The 52-week low of the share price is at $54.19.
Company has been under the radar of several Street Analysts.MSC Industrial Direct Co Inc is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.
MSC Industrial Direct Co. Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States with customers in all 50 states through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; materials handling products; power transmission components and electrical supplies.