Sysco Corp (SYY): William B. Day , Executive Vice President of Sysco Corp sold 137,693 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $48.88 per share for a total value of $6,729,012.50 , 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, William J Iii Delaney (Chief Executive Officer) sold 20,115 shares at $50.25 per share price.On Apr 19, 2016, Hans-joachim Koerber (director) sold 10,000 shares at $46.49 per share price.Also, On Feb 3, 2016, Russell T. Libby (Executive Vice President) sold 4,000 shares at $42.00 per share price.On Dec 30, 2015, Joel T. Grade (EVP and CFO) sold 43,800 shares at $41.32 per share price.
SYSCO Corporation: On Thursday, May 19, 2016 heightened volatility was witnessed in SYSCO Corporation which led to swings in the share price. The shares opened for trading at $48.62 and hit $49.1 on the upside , eventually ending the session at $49.07, with a gain of 0.76% or 0.37 points. The heightened volatility saw the trading volume jump to 34,88,706 shares. The 52-week high of the share price is $50.68 and the company has a market cap of $27,652 M . The 52-week low of the share price is at $35.45.
Sysco Corporation (Sysco) along with its subsidiaries and divisions is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425000 customers including restaurants healthcare and educational facilities lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.