Timkensteel Corp (TMST): Ronald A Rice , director of Timkensteel Corp purchased 5,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.13 per share for a total value of $55,641.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, Ward J Jr Timken (CEO) purchased 10,000 shares at $9.84 per share price.On Aug 25, 2015, Randall H Edwards (director) purchased 3,650 shares at $16.64 per share price.Also, On Aug 18, 2015, Diane C Creel (director) purchased 2,000 shares at $18.55 per share price.On Aug 14, 2015, Frank A Dipiero (officer ) purchased 300 shares at $18.35 per share price.
Timkensteel Corp: On Tuesday, May 10, 2016 heightened volatility was witnessed in Timkensteel Corp which led to swings in the share price. The shares opened for trading at $10.75 and hit $11.37 on the upside , eventually ending the session at $11.24, with a gain of 6.64% or 0.7 points. The heightened volatility saw the trading volume jump to 6,12,357 shares. The 52-week high of the share price is $32.93 and the company has a market cap of $497 M . The 52-week low of the share price is at $3.69.
TimkenSteel Corporation manufactures alloy steel as well as carbon and micro-alloy steel with an annual melt capacity of approximately two million tons. The Companys portfolio includes special bar quality (SBQ) bars seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition it supplies machining and thermal treatment services and manages raw material recycling programs which are used as a feeder system for the Companys operations. Its customers are companies in the market sectors including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture and power generation. The Companys steels are featured in a variety of end products including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts and anti-friction bearings among others.