Aerovironment Inc (AVAV) Files Form 4 Insider Selling : Timothy E Conver Sells 61,000 Shares

Aerovironment Inc (AVAV): Timothy E Conver , director 10% owner other of Aerovironment Inc sold 61,000 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $31.99 per share for a total value of $1,952,525.12 , 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 26, 2016, Timothy E Conver (director 10% owner other) sold 8,500 shares at $28.27 per share price.On Jan 19, 2016, Cathleen S Cline (Senior VP of Administration) sold 10,000 shares at $26.11 per share price.Also, On Oct 7, 2015, Douglas E Scott (SVP, Gen. Counsel, Secretary) sold 1,663 shares at $21.20 per share price.On Oct 7, 2015, Wahid Nawabi (Senior VP and COO) sold 558 shares at $21.20 per share price.

AeroVironment: On Thursday, Jun 9, 2016 heightened volatility was witnessed in AeroVironment which led to swings in the share price. The shares opened for trading at $31.73 and hit $32.44 on the upside , eventually ending the session at $32.22, with a gain of 1.64% or 0.52 points. The heightened volatility saw the trading volume jump to 3,42,144 shares. The 52-week high of the share price is $32.44 and the company has a market cap of $753 M . The 52-week low of the share price is at $19.1.

AeroVironment Money Flow Index Chart

AeroVironment Inc. designs develops produces supports and operates a portfolio of products and services for Government agencies businesses and consumers. The Company supplies unmanned aircraft systems tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD). The Company operates through two segments: Unmanned Aircraft Systems which focuses primarily on the design development production support and operation of UAS and tactical missile systems that provide situational awareness multi-band communications force protection and other mission effects to the operations of the Company’s customers and Efficient Energy Systems (EES) which focuses primarily on the design development production marketing support and operation of electric energy systems. It also supplies charging systems and services for electric vehicles and power cycling and test systems to commercial consumer and Government customers.

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