Timkensteel Corp (TMST) Files Form 4 Insider Buying : Ward J Jr Timken Buys 20,000 Shares

Timkensteel Corp (TMST): Ward J Jr Timken , CEO of Timkensteel Corp purchased 20,000 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.00 per share for a total value of $180,072.00 , 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 12, 2016, Ronald A Rice (director) purchased 5,000 shares at $11.13 per share price.On Nov 25, 2015, Ward J Jr Timken (CEO) purchased 10,000 shares at $9.84 per share price.Also, On Aug 25, 2015, Randall H Edwards (director) purchased 3,650 shares at $16.64 per share price.On Aug 18, 2015, Diane C Creel (director) purchased 2,000 shares at $18.55 per share price.

Shares of Timkensteel Corp (TMST) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -1.4 points or -13.36% at $9.08 with 42,26,601 shares getting traded. Post opening the session at $8.8, the shares hit an intraday low of $8.6801 and an intraday high of $9.19 and the price vacillated in this range throughout the day. The company has a market cap of $402 M and the number of outstanding shares has been calculated to be 4,42,20,054 shares. The 52-week high of Timkensteel Corp is $31.9 and the 52-week low is $3.69.

Timkensteel Corp Money Flow Index Chart

TimkenSteel Corporation manufactures alloy steel as well as carbon and micro-alloy steel with an annual melt capacity of approximately two million tons. The Company’s 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 Company’s 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 Company’s 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.

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