Superior Industries International Inc (SUP) Files Form 4 Insider Selling : Parveen Kakar Sells 6,396 Shares

Superior Industries International Inc (SUP): Parveen Kakar , Senior Vice President of Superior Industries International Inc sold 6,396 shares on Mar 8, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $24.87 per share for a total value of $167,337.23 , 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 4, 2016, Kerry A Shiba (EVP & CFO) sold 609 shares at $21.69 per share price.On Mar 28, 2016, Lawrence R Oliver (Sr. Vice President, Operations) purchased 50 shares at $21.97 per share price.Also, On Dec 2, 2015, L. Borick Foundation Louis (10% owner) sold 115,000 shares at $19.45 per share price.On Sep 1, 2015, Parveen Kakar (Senior Vice President) sold 444 shares at $18.74 per share price.

Superior Industries International: On Wednesday, May 4, 2016 heightened volatility was witnessed in Superior Industries International which led to swings in the share price. The shares opened for trading at $25.76 and hit $26.25 on the upside , eventually ending the session at $26.07, with a gain of 0.31% or 0.08 points. The heightened volatility saw the trading volume jump to 1,39,797 shares. The 52-week high of the share price is $26.58 and the company has a market cap of $662 M . The 52-week low of the share price is at $16.35.

Superior Industries International Money Flow Index Chart

Company has been under the radar of several Street Analysts.Superior Industries International is Downgraded by Buckingham Research to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 8, 2016.

Superior Industries International Inc. is a supplier of cast aluminum wheels. The principal business of the Company is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. The Company offers its products to the automobile and light truck manufacturers. It has wheel manufacturing operations in the United States and Mexico. Products made in its North American facilities are delivered primarily to automotive assembly operations in North America both for domestic and internationally branded customers. The Company’s OEM aluminum road wheels are sold for factory installation as either optional or standard equipment on many vehicle models manufactured by Ford General Motors (GM) Toyota Fiat Chrysler Automobiles N.V. (FCA) BMW Mitsubishi Nissan Subaru Volkswagen and Tesla.

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