General Cable Corp /de/ (BGC) Files Form 4 Insider Buying : John E Iii Welsh Buys 100 Shares

General Cable Corp /de/ (BGC): John E Iii Welsh , director of General Cable Corp /de/ purchased 100 shares on May 27, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.86 per share for a total value of $1,386.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, John E Iii Welsh (director) purchased 10,000 shares at $8.40 per share price.On Apr 8, 2015, Gregory J. Lampert (EVP, Pres. & CEO, Americas) sold 4,984 shares at $17.61 per share price.

General Cable Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in General Cable Corporation which led to swings in the share price. The shares opened for trading at $13.44 and hit $13.75 on the upside , eventually ending the session at $13.72, with a gain of 1.78% or 0.24 points. The heightened volatility saw the trading volume jump to 7,37,649 shares. The 52-week high of the share price is $21.31 and the company has a market cap of $676 M . The 52-week low of the share price is at $6.215.

General Cable Corporation Money Flow Index Chart

General Cable Corporation is engaged in the development design manufacture marketing and distribution of copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets. The Company operates through four segments: North America Europe Latin America and Africa/Asia Pacific. The Company additionally engages in the design integration and installation on a turnkey basis for products such as high and extra-high voltage terrestrial and submarine systems. The Company’s segments develops designs manufactures markets and distributes copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets and electric utility electrical infrastructure construction and communications industries. It offers five categories of products such as electric utility electrical infrastructure communications construction and rod mill.

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