Nutri System Inc /de/ (NTRI) Files Form 4 Insider Selling : Dawn M. Zier Sells 24,842 Shares

Nutri System Inc /de/ (NTRI): Dawn M. Zier , President and CEO of Nutri System Inc /de/ sold 24,842 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 $24.80 per share for a total value of $615,884.00 , 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 17, 2016, Paul J Guagliardo (director) sold 3,142 shares at $24.22 per share price.On Jun 17, 2016, Keira Krausz (Chief Marketing Officer) sold 20,000 shares at $24.90 per share price.Also, On May 31, 2016, Dawn M. Zier (President and CEO) sold 24,000 shares at $27.80 per share price.On May 24, 2016, Michael P. Monahan (Chief Financial Officer) sold 52,773 shares at $27.24 per share price.

NutriSystem: On Monday, Jun 20, 2016 heightened volatility was witnessed in NutriSystem which led to swings in the share price. The shares opened for trading at $24.6 and hit $24.97 on the upside , eventually ending the session at $24.54, with a gain of 0.37% or 0.09 points. The heightened volatility saw the trading volume jump to 2,35,662 shares. The 52-week high of the share price is $32.05 and the company has a market cap of $721 M . The 52-week low of the share price is at $17.25.

NutriSystem Money Flow Index Chart

Company has been under the radar of several Street Analysts.NutriSystem is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $28 .The Rating was issued on May 4, 2016.

Nutrisystem Inc. (Nutrisystem) is a provider of weight management products and services including nutritionally balanced weight loss programs multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.

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