World Fuel Services Corp (INT): Michael J Kasbar , Chairman, CEO and President of World Fuel Services Corp sold 31,073 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $46.53 per share for a total value of $1,445,826.75 , 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 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.Also, On Nov 4, 2015, Ken Bakshi (director) sold 3,295 shares at $44.45 per share price.On May 7, 2015, J Thomas Presby (director) sold 12,066 shares at $52.12 per share price.
World Fuel Services Corp: On Friday, May 6, 2016 heightened volatility was witnessed in World Fuel Services Corp which led to swings in the share price. The shares opened for trading at $46.06 and hit $46.64 on the upside , eventually ending the session at $46.42, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 3,96,279 shares. The 52-week high of the share price is $51.81 and the company has a market cap of $3,288 M . The 52-week low of the share price is at $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 Corp is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 11, 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.