Lannett Co Inc (LCI) Files Form 4 Insider Selling : Robert Ehlinger Sells 62,859 Shares

Lannett Co Inc (LCI): Robert Ehlinger , VP and CIO of Lannett Co Inc sold 62,859 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $25.40 per share for a total value of $1,596,618.62 , 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 2, 2016, Robert Ehlinger (VP of Logistics and CIO) sold 69,247 shares at $25.41 per share price.On Feb 8, 2016, Albert Iii Paonessa (director) purchased 2,500 shares at $24.57 per share price.Also, On Feb 8, 2016, Martin P Galvan (CFO) purchased 3,000 shares at $24.65 per share price.On Feb 8, 2016, Paul Taveira (director) purchased 1,000 shares at $23.60 per share price.

Shares of Lannett Company (LCI) ended Monday, Jun 20, 2016 session in red amid volatile trading. The shares closed down -0.77 points or -3.02% at $24.75 with 8,16,024 shares getting traded. Post opening the session at $25.45, the shares hit an intraday low of $24.58 and an intraday high of $25.779 and the price vacillated in this range throughout the day. The company has a market cap of $910 M and the number of outstanding shares has been calculated to be 3,67,47,501 shares. The 52-week high of Lannett Company is $62.9 and the 52-week low is $16.91.

Lannett Company Money Flow Index Chart

Lannett Company Inc. develops manufactures markets and distributes generic versions of brand pharmaceutical products. The Company’s products include Levothyroxine Sodium tablets Digoxin tablets Butalbital products Ursodiol capsules and pain management products. Levothyroxine Sodium tablets are produced and marketed with around 12 varying potencies. Digoxin tablets are produced and marketed with approximately two different potencies. It distributes around three products containing Butalbital. Ursodiol capsules are produced and marketed in 300 milligram capsules. The Company offers a range of pain management products such as Cocaine Topical Solution (C-Topical) Morphine Sulfate Oral Solution Hydromorphone hydrochloric acid (HCl) tablets and Codeine Sulfate tablets.

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