World Fuel Services Corp (INT): Carlos M. Velazquez , SVP, Chief Accounting Officer of World Fuel Services Corp sold 4,500 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $45.26 per share for a total value of $203,670.00 , 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, John Peter Rau (EVP, Global Aviation & Marine) sold 1,000 shares at $45.21 per share price.On May 10, 2016, Michael J Kasbar (Chairman, CEO and President) sold 31,073 shares at $46.53 per share price.Also, On May 4, 2016, Richard A Kassar (director) sold 2,500 shares at $46.82 per share price.On Feb 18, 2016, Ira M Birns (Executive VP & CFO) sold 3,379 shares at $42.93 per share price.
Shares of World Fuel Services Corp (INT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.04% at $45.95 with 6,60,222 shares getting traded. Post opening the session at $46.25, the shares hit an intraday low of $45.22 and an intraday high of $46.44 and the price vacillated in this range throughout the day. The company has a market cap of $3,255 M and the number of outstanding shares has been calculated to be 7,08,27,000 shares. The 52-week high of World Fuel Services Corp is $51.81 and the 52-week low is $33.83.
Company has been under the radar of several Street Analysts.World Fuel Services Corp is Downgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.
World Fuel Services Corporation is a fuel logistics transaction management and payment processing company. The Company is engaged in the distribution of fuel and related products and services in the aviation marine and land transportation industries. It operates in three segments: aviation marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines cargo carriers regional and low cost carriers airports fixed-based operators corporate fleets fractional operators private aircraft military fleets and to the United States and foreign Governments. The marine segment offers fuel lubricants and related products and services to a base of marine customers including international container and tanker fleets commercial cruise lines yachts and time-charter operators the United States and foreign Governments. The land segment offers fuel lubricants and related products and services to petroleum distributors.