Time Warner Cable Inc. (TWC): Robert D Marcus , Chairman & CEO of Time Warner Cable Inc. sold 24,709 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $214.76 per share for a total value of $5,306,628.50 , 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 11, 2016, Marc Lawrence-apfelbaum (EVP, Gen. Counsel & Secretary) sold 14,099 shares at $215.18 per share price.On May 11, 2016, Carole Black (director) sold 2,201 shares at $214.82 per share price.Also, On Feb 2, 2016, Pace Wayne (director) sold 3,792 shares at $184.45 per share price.On Dec 8, 2015, Robert D Marcus (Chairman & CEO) sold 5,171 shares at $184.24 per share price.
Time Warner Cable Inc: On Friday, May 13, 2016 heightened volatility was witnessed in Time Warner Cable Inc which led to swings in the share price. The shares opened for trading at $215.26 and hit $216.18 on the upside , eventually ending the session at $215.51, with a gain of 0.11% or 0.23 points. The heightened volatility saw the trading volume jump to 1,10,85,911 shares. The 52-week high of the share price is $217.91 and the company has a market cap of $61,356 M . The 52-week low of the share price is at $152.81.
Company has been under the radar of several Street Analysts.Time Warner Cable Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 240 from a previous price target of $224 .The Rating was issued on May 12, 2016.Time Warner Cable Inc is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 237 from a previous price target of $219 .The Rating was issued on May 2, 2016.
Time Warner Cable Inc. (TWC) is a provider of video high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State the Carolinas the Midwest Southern California and Texas. TWC operates in three segments: Residential Services Business Services and Other Operations. TWC offers video high-speed data and voice services as well as security and home management services to residential customers. Its video service provides over 300 channels including on average over 200 high-definition (HD) channels and 20000 video-on-demand (VOD) choices. It offers a variety of products and services to business customers including high-speed data networking voice video hosting and cloud computing services. Its Other Operations segment consists of Time Warner Cable Media (TWC Media) the advertising sales arm of TWC and its regional sports networks its local sports news and lifestyle channels and SportsNet LA.