Owens & Minor Inc/va/ (OMI) Files Form 4 Insider Selling : Michael Wayne Lowry Sells 1,181 Shares

Owens & Minor Inc/va/ (OMI): Michael Wayne Lowry , other of Owens & Minor Inc/va/ sold 1,181 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $35.88 per share for a total value of $42,371.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2016, Richard W Mears (SVP, Chief Information Officer) sold 6,000 shares at $39.11 per share price.On Feb 23, 2016, James E Rogers (director) sold 1,800 shares at $39.83 per share price.Also, On Feb 18, 2016, Erika T Davis (SVP, Chief of Staff) sold 5,301 shares at $38.70 per share price.On Feb 11, 2016, Craig R Smith (director) sold 11,026 shares at $37.87 per share price.

Owens & Minor: On Friday, May 6, 2016 heightened volatility was witnessed in Owens & Minor which led to swings in the share price. The shares opened for trading at $35.05 and hit $35.74 on the upside , eventually ending the session at $35.41, with a gain of 0.43% or 0.15 points. The heightened volatility saw the trading volume jump to 7,41,669 shares. The 52-week high of the share price is $41.48 and the company has a market cap of $2,224 M . The 52-week low of the share price is at $31.89.

Owens & Minor Money Flow Index Chart

Company has been under the radar of several Street Analysts.Owens & Minor is Downgraded by Robert W. Baird to Underperform while Lowering the Price Target of the company shares to $ 32 from a previous price target of $36 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 21, 2016.Owens & Minor is Initiated by Credit Suisse to Underperform. The Rating was issued on Mar 16, 2016.

Owens & Minor Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement inventory management delivery and sourcing of products for the healthcare market. Its customers include hospitals integrated healthcare systems group purchasing organizations manufacturers of life-science and medical devices and supplies including pharmaceuticals.

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