Drew Industries Inc (DW) Files Form 4 Insider Selling : Scott T Mereness Sells 3,000 Shares

Drew Industries Inc (DW): Scott T Mereness , President of Drew Industries Inc sold 3,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $78.00 per share for a total value of $234,000.00 , 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 26, 2016, Scott T Mereness (President) sold 6,000 shares at $75.82 per share price.On May 17, 2016, Leigh J Abrams (director) sold 10,000 shares at $74.58 per share price.Also, On May 16, 2016, Jason Lippert (Chief Executive Officer) sold 10,000 shares at $74.13 per share price.On May 16, 2016, Robert A. Kuhns (Chief Legal Officer) sold 850 shares at $74.55 per share price.

Drew Industries: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Drew Industries which led to swings in the share price. The shares opened for trading at $77.09 and hit $77.66 on the upside , eventually ending the session at $77.45, with a gain of 0.12% or 0.09 points. The heightened volatility saw the trading volume jump to 2,78,400 shares. The 52-week high of the share price is $78.3 and the company has a market cap of $1,898 M . The 52-week low of the share price is at $51.

Drew Industries Money Flow Index Chart

Drew Industries Incorporated through its subsidiaries supplies an array of components for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Company also supplies components for adjacent industries including buses; trailers used to haul boats livestock equipment and other cargo; modular housing and factory-built mobile office units. The Company operates in two segments: the RV products segment (the RV Segment) and the manufactured housing products segment (the MH Segment). the Company manufactures and markets a variety of products used primarily in the production of RVs and manufactured homes. As of 2014 the RV Segment accounted for 90% of consolidated net sales and the MH Segment accounted for 10% of consolidated net sales. RVs may be motorized (motorhomes) or towable such as travel trailers fifth-wheel travel trailers folding camping trailers and truck campers.

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