Northrop Grumman Corp /de/ (NOC) Files Form 4 Insider Selling : Sheila C. Cheston Sells 3,105 Shares

Northrop Grumman Corp /de/ (NOC): Sheila C. Cheston , Corp. VP & General Counsel of Northrop Grumman Corp /de/ sold 3,105 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $215.52 per share for a total value of $669,189.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Donald E Felsinger (director) sold 4,640 shares at $215.69 per share price.On Jun 2, 2016, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at $211.57 per share price.Also, On May 11, 2016, Denise M. Peppard (Corp VP & Chf HR Ofcr) sold 1,260 shares at $214.19 per share price.On May 11, 2016, Gloria A Flach (CVP & Chief Operating Officer) sold 41,087 shares at $214.86 per share price.

Northrop Grumman Corporation: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Northrop Grumman Corporation which led to swings in the share price. The shares opened for trading at $217.17 and hit $218.73 on the upside , eventually ending the session at $218.58, with a gain of 0.42% or 0.92 points. The heightened volatility saw the trading volume jump to 4,61,228 shares. The 52-week high of the share price is $218.84 and the company has a market cap of $39,443 M . The 52-week low of the share price is at $152.31.

Northrop Grumman Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Northrop Grumman Corporation is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $222. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 19, 2016.Northrop Grumman Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $189 .The Rating was issued on May 2, 2016.Northrop Grumman Corporation is Initiated by Guggenheim to Buy. The Rating was issued on Apr 5, 2016.

Northrop Grumman Corporation is a global security company. The Company provides systems products and solutions in unmanned systems; cyber; command control communications and computers (C4) intelligence surveillance and reconnaissance (C4ISR); strike aircraft and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.

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