Travelcenters Of America Llc (TA) Files Form 4 Insider Selling : Barry A. Richards Sells 53,309 Shares

Travelcenters Of America Llc (TA): Barry A. Richards , Executive Vice President of Travelcenters Of America Llc sold 53,309 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $7.13 per share for a total value of $380,543.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 26, 2015, Andrew J Rebholz (Exec. VP, CFO and Treasurer) sold 8,000 shares at $12.47 per share price.On Aug 12, 2015, Mark R Young (Executive VP & General Counsel) sold 18,515 shares at $13.04 per share price.Also, On Aug 12, 2015, Barry A. Richards (Executive Vice President) sold 9,000 shares at $13.00 per share price.

TravelCenters of America LLC: On Tuesday, May 10, 2016 heightened volatility was witnessed in TravelCenters of America LLC which led to swings in the share price. The shares opened for trading at $7.47 and hit $7.95 on the upside , eventually ending the session at $7.87, with a gain of 6.21% or 0.46 points. The heightened volatility saw the trading volume jump to 6,79,788 shares. The 52-week high of the share price is $17.09 and the company has a market cap of $305 M . The 52-week low of the share price is at $6.41.

TravelCenters of America LLC Money Flow Index Chart

Company has been under the radar of several Street Analysts.TravelCenters of America LLC is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 15 from a previous price target of $17 . The Rating was issued on Mar 15, 2016.

TravelCenters of America LLC (TravelCenters) operates and franchises approximately 284 travel centers and gasoline station/convenience store locations. The Company offers a range of products and services including diesel fuel and gasoline truck repair and maintenance services restaurants over 35 different brands of quick service restaurants (QSRs) travel/convenience stores and various driver amenities. The Company’s business includes 406 convenience stores which are located at travel centers in 43 states in the United States and the province of Ontario Canada. The Company’s locations offer a range of products and services including fuel diesel exhaust fluid restaurants and QSRs truck service travel stores and additional driver Services. The Company’s customers include trucking fleets and their drivers independent truck drivers and motorists. The Company also operates around 36 convenience stores under the Minit Mart brand located across Missouri and Kansas.

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