Nutri System Inc /de/ (NTRI) Files Form 4 Insider Selling : Michael P. Monahan Sells 52,773 Shares

Nutri System Inc /de/ (NTRI): Michael P. Monahan , Chief Financial Officer of Nutri System Inc /de/ sold 52,773 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $27.24 per share for a total value of $1,425,506.75 , 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 15, 2016, Michael J Hagan (director) purchased 388 shares at $24.13 per share price.On Mar 11, 2016, Andrea Weiss (director) sold 5,500 shares at $20.00 per share price.Also, On Nov 19, 2015, Dawn M. Zier (President and CEO) sold 55,009 shares at $22.95 per share price.On Aug 5, 2015, Michael P. Monahan (Chief Financial Officer) sold 35,000 shares at $30.00 per share price.

NutriSystem: On Friday, May 20, 2016 heightened volatility was witnessed in NutriSystem which led to swings in the share price. The shares opened for trading at $26.29 and hit $26.68 on the upside , eventually ending the session at $26.5, with a gain of 1.49% or 0.39 points. The heightened volatility saw the trading volume jump to 3,36,367 shares. The 52-week high of the share price is $32.05 and the company has a market cap of $778,570 M . The 52-week low of the share price is at $17.25.

NutriSystem Money Flow Index Chart

Company has been under the radar of several Street Analysts.NutriSystem is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $28 .The Rating was issued on May 4, 2016.NutriSystem is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $25 .The Rating was issued on Feb 29, 2016.

Nutrisystem Inc. (Nutrisystem) is a provider of weight management products and services including nutritionally balanced weight loss programs multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.

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