Sunopta Inc. (STKL) Files Form 4 Insider Buying : Douglas Greene Buys 30,000 Shares

Sunopta Inc. (STKL): Douglas Greene , director of Sunopta Inc. purchased 30,000 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.31 per share for a total value of $99,300.00 , 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 26, 2016, Douglas Greene (director) purchased 30,000 shares at $3.31 per share price.On May 26, 2016, Michael Detlefsen (director) purchased 4,000 shares at $3.33 per share price.Also, On May 26, 2016, Joseph Davidson (SVP and GM) purchased 1,000 shares at $3.44 per share price.On May 20, 2016, Jeremy Kendall (director) purchased 25,000 shares at $3.84 per share price.

SunOpta (USA): On Wednesday, May 25, 2016 heightened volatility was witnessed in SunOpta (USA) which led to swings in the share price. The shares opened for trading at $3.32 and hit $3.65 on the upside , eventually ending the session at $3.54, with a gain of 8.26% or 0.27 points. The heightened volatility saw the trading volume jump to 16,01,034 shares. The 52-week high of the share price is $11.39 and the company has a market cap of $303 M . The 52-week low of the share price is at $3.16.

SunOpta  (USA) Money Flow Index Chart

Company has been under the radar of several Street Analysts.SunOpta (USA) is Upgraded by DA Davidson to Buy and the brokerage firm has set the Price Target at $6. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 14, 2016.SunOpta (USA) is Downgraded by DA Davidson to Neutral while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7.50 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 2, 2016.

SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing processing and packaging of natural organic and specialty food products. It operates in three segments: Global Ingredients Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters and fruit- and grain-based snacks. The Opta Minerals segment processes distributes and recycles industrial minerals; silica-free abrasives and specialty sands.

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