Freds Inc (FRED) Files Form 4 Insider Selling : Michael Hayes Sells 5,000 Shares

Freds Inc (FRED): Michael Hayes , director of Freds Inc sold 5,000 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 $15.20 per share for a total value of $76,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Ricky Chambers (EVP) sold 6,990 shares at $14.69 per share price.On Jun 1, 2016, Michael Hayes (director) sold 10,000 shares at $14.71 per share price.Also, On May 31, 2016, Mike Holligan (EVP) sold 1,517 shares at $14.67 per share price.On Dec 1, 2015, Shannon Strickland (SVP) sold 38 shares at $16.43 per share price.

Shares of Fred's (FRED) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.25 points or -1.61% at $15.23 with 94,281 shares getting traded. Post opening the session at $15.42, the shares hit an intraday low of $15.1 and an intraday high of $15.48 and the price vacillated in this range throughout the day. The company has a market cap of $567 M and the number of outstanding shares has been calculated to be 3,72,33,632 shares. The 52-week high of Fred's is $20.05 and the 52-week low is $11.27.

Fred's Money Flow Index Chart

Company has been under the radar of several Street Analysts.Fred's is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 .The Rating was issued on Mar 28, 2016.

Fred’s Inc. (Fred’s) is an operator of general merchandise stores. The Company operates approximately 660 discount general merchandise stores including around 19 franchised Fred’s stores in 15 states in the southeastern United States. The Company has around 370 full service pharmacies in its stores. The Company offers different product categories including consumables such as tobacco food and beverage prescription pharmaceuticals paper and cleaning supplies pet supplies health and beauty aids and discretionary products such as home decor seasonal merchandise auto and hardware and lawn and garden. Fred’s Xpress stores offer pharmacy services along with a scaled-down convenience centered general merchandise area. The Company’s Xpress stores typically sell primarily pharmaceuticals other health and beauty related items and general merchandise offerings mainly consumables. The Company also has a specialty pharmacy facility EIRIS Health Services.

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