Solarcity Corp (SCTY) Files Form 4 Insider Selling : Seth R Weissman Sells 940 Shares

Solarcity Corp (SCTY): Seth R Weissman , EVP, General Counsel of Solarcity Corp sold 940 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $20.35 per share for a total value of $19,129.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Tanguy Serra (President & CFO) sold 2,617 shares at $20.51 per share price.On May 17, 2016, Hayden Barnard (Chief Revenue Officer) sold 3,428 shares at $20.35 per share price.Also, On Jan 5, 2016, Seth R Weissman (EVP, General Counsel) sold 15,396 shares at $50.47 per share price.On Dec 17, 2015, Nancy E Pfund (director) sold 50,000 shares at $55.80 per share price.

SolarCity Corp: On Monday, May 16, 2016 heightened volatility was witnessed in SolarCity Corp which led to swings in the share price. The shares opened for trading at $20.2 and hit $20.66 on the upside , eventually ending the session at $20.06, with a gain of 2.35% or 0.46 points. The heightened volatility saw the trading volume jump to 48,91,235 shares. The 52-week high of the share price is $63.12 and the company has a market cap of $1,972 M . The 52-week low of the share price is at $16.305.

SolarCity Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.SolarCity Corp is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 10, 2016.SolarCity Corp is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 46 from a previous price target of $56 . The Rating was issued on May 10, 2016.SolarCity Corp is Downgraded by Avondale to Mkt Perform. Earlier the firm had a rating of Mkt Outperform on the company shares. The Rating was issued on May 10, 2016.SolarCity Corp is Initiated by Guggenheim to Buy. The Rating was issued on May 4, 2016.SolarCity Corp is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 56 from a previous price target of $65 . The Rating was issued on Apr 4, 2016.

SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales engineering installation monitoring maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential commercial and government customers. It offers its customers the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Company’s products services and technologies include solar energy systems customer agreements grid control / energy storage systems Zep solar mounting systems and software. The Company’s wholly owned subsidiary Zep Solar Inc. (Zep Solar) licenses its Zep Groove technology to photovoltaic module and power electronics manufacturers and supplies the Company with complementary mounting and grounding hardware. The Company served customers in 15 states and the District of Columbia United States.

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