Nuance Communications, Inc. (NUAN) Files Form 4 Insider Selling : Adam Bruce Bowden Sells 8,000 Shares

Nuance Communications, Inc. (NUAN): Adam Bruce Bowden , Executive VP Corporate Strateg of Nuance Communications, Inc. sold 8,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $17.02 per share for a total value of $136,161.50 , 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 4, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 8,000 shares at $18.56 per share price.On Mar 18, 2016, Mark R Laret (director) sold 14,000 shares at $19.56 per share price.Also, On Mar 18, 2016, Daniel David Tempesta (Executive Vice President and C) sold 9,256 shares at $19.50 per share price.On Mar 16, 2016, Carl C Icahn (10% owner) sold 4,400,000 shares at $19.25 per share price.

Shares of Nuance Communications (NUAN) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -1.13% at $16.58 with 25,58,424 shares getting traded. Post opening the session at $16.64, the shares hit an intraday low of $16.44 and an intraday high of $16.82 and the price vacillated in this range throughout the day. The company has a market cap of $5,048 M and the number of outstanding shares has been calculated to be 30,44,46,270 shares. The 52-week high of Nuance Communications is $21.825 and the 52-week low is $14.37.

Nuance Communications Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nuance Communications is Initiated by Barclays to Equal Weight and the brokerage firm has set the Price Target at $22. The Rating was issued on Apr 15, 2016.

Nuance Communications Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Company’s solutions are used in healthcare mobile consumer enterprise customer service and imaging markets. The Company offers accuracy natural language understanding capability domain knowledge and implementation capabilities. The Company’s solutions are based on the Company’s voice and language platform and are used by businesses for tasks and services such as requesting information from a phone-based self-service solution dictating medical records searching the mobile Web by voice entering a destination into a navigation system or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways including through products hosting professional services and maintenance and support. The Company operates in four segments: Healthcare Mobile and Consumer Enterprise and Imaging.

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