Expeditors International Of Washington Inc (EXPD) Files Form 4 Insider Selling : Eugene K Alger Sells 12,460 Shares

Expeditors International Of Washington Inc (EXPD): Eugene K Alger , Executive VP Global Services of Expeditors International Of Washington Inc sold 12,460 shares on Jun 1, 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 $48.50 per share for a total value of $604,310.00 , 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 27, 2016, Daniel R Wall (President, Global Products) sold 10,000 shares at $48.97 per share price.On Mar 10, 2016, Jeffrey S Musser (President and CEO) sold 9,460 shares at $47.42 per share price.Also, On Mar 9, 2016, Philip M Coughlin (President Global Geographies) sold 9,513 shares at $47.25 per share price.On Mar 1, 2016, Eugene K Alger (Executive VP Global Services) sold 10,000 shares at $46.08 per share price.

Expeditors International of Washington: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Expeditors International of Washington which led to swings in the share price. The shares opened for trading at $48.56 and hit $48.77 on the upside , eventually ending the session at $48.62, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 14,33,562 shares. The 52-week high of the share price is $51.8 and the company has a market cap of $8,852 M . The 52-week low of the share price is at $40.41.

Expeditors International of Washington Money Flow Index Chart

Company has been under the radar of several Street Analysts.Expeditors International of Washington is Downgraded by BB&T Capital Mkts to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.Expeditors International of Washington is Upgraded by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $51 .Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 15, 2016.Expeditors International of Washington is Initiated by Cowen to Market Perform and the brokerage firm has set the Price Target at $53. The Rating was issued on Mar 18, 2016.

Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Company’s services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.

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