Arrow Electronics Inc (ARW) Files Form 4 Insider Selling : Paul J Reilly Sells 50,705 Shares

Arrow Electronics Inc (ARW): Paul J Reilly , Executive Vice President of Arrow Electronics Inc sold 50,705 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $67.30 per share for a total value of $3,416,416.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Paul J Reilly (Executive Vice President) sold 50,705 shares at $67.30 per share price.On Jun 8, 2016, Andrew S Bryant (Chief Operating Officer) sold 14,785 shares at $66.00 per share price.Also, On May 25, 2016, Gregory Tarpinian (General Counsel) sold 3,300 shares at $63.21 per share price.On May 23, 2016, Mary Catherine Morris (Chief Strategy Officer) sold 5,285 shares at $61.89 per share price.

Shares of Arrow Electronics (ARW) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -1.27 points or -1.87% at $66.72 with 4,24,468 shares getting traded. Post opening the session at $67.05, the shares hit an intraday low of $66.41 and an intraday high of $67.42 and the price vacillated in this range throughout the day. The company has a market cap of $6,114 M and the number of outstanding shares has been calculated to be 9,16,36,374 shares. The 52-week high of Arrow Electronics is $68.07 and the 52-week low is $45.23.

Arrow Electronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Arrow Electronics is Downgraded by Citigroup to Sell while Lowering the Price Target of the company shares to $ 53 from a previous price target of $70 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.Arrow Electronics is Resumed by BofA/Merrill to Buy. The Rating was issued on Apr 27, 2016.

Arrow Electronics Inc. (Arrow) is a provider of products services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers coupled with a range of services solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory and disposition solutions to redeploy remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products services and solutions to value-added resellers (VARs) in the Americas EMEA and Asia Pacific regions.

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