Silgan Holdings Inc (SLGN) Files Form 4 Insider Selling : Thomas James Snyder Sells 4,367 Shares

Silgan Holdings Inc (SLGN): Thomas James Snyder , President – Silgan Containers of Silgan Holdings Inc sold 4,367 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $50.55 per share for a total value of $220,750.55 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 20, 2015, Anthony P Andreacchi (Vice President,Tax) sold 837 shares at $52.15 per share price.On May 29, 2015, John W Alden (director) sold 2,251 shares at $54.93 per share price.Also, On May 15, 2015, Thomas James Snyder (President – Silgan Containers) sold 4,063 shares at $54.65 per share price.On May 8, 2015, B Frederik Prinzen (Sr. V.P. – Corp. Dev.) sold 2,271 shares at $54.22 per share price.

Silgan Holdings: On Wednesday, May 4, 2016 heightened volatility was witnessed in Silgan Holdings which led to swings in the share price. The shares opened for trading at $50.96 and hit $51.73 on the upside , eventually ending the session at $51.34, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 2,10,793 shares. The 52-week high of the share price is $56.39 and the company has a market cap of $3,101 M . The 52-week low of the share price is at $47.

Silgan Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Silgan Holdings is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 18, 2016.

Silgan Holdings Inc. (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container closures and plastic container. Its metal container business is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products. Its closures business manufactures and sells metal composite and plastic closures for food and beverage products. Its plastic container business manufactures and sells custom designed plastic containers tubes and closures for personal care food health care pharmaceutical household and industrial chemical pet care agricultural automotive and marine chemical products. Its metal container business has operating facilities in North America Europe and Asia. Its closures business has operating facilities in North and South America Europe and Asia. Its plastic container business is -based in North America.

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