Spartannash Co (SPTN): Dennis Eidson , Chairman, President and CEO of Spartannash Co sold 12,210 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $29.83 per share for a total value of $364,224.31 , 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, Derek R Jones (EVP, Pres. Whlse & Dist. Ops.) sold 4,435 shares at $29.80 per share price.On Mar 30, 2016, Edward L Brunot (Exec. V. P. and Pres. of MDV) sold 2,722 shares at $28.58 per share price.Also, On Mar 23, 2016, Lawrence R Pierce (EVP Merch. and Marketing) sold 2,453 shares at $28.75 per share price.On Mar 23, 2016, David M Staples (EVP and COO, Int. CFO) sold 3,441 shares at $29.31 per share price.
SpartanNash Co: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in SpartanNash Co which led to swings in the share price. The shares opened for trading at $29.95 and hit $30 on the upside , eventually ending the session at $29.795, with a gain of 0.52% or 0.155 points. The heightened volatility saw the trading volume jump to 1,21,485 shares. The 52-week high of the share price is $33.89 and the company has a market cap of $1,116 M . The 52-week low of the share price is at $17.66.
Company has been under the radar of several Street Analysts.SpartanNash Co is Downgraded by Pivotal Research Group to Hold and the brokerage firm has set the Price Target at $30. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 1, 2016.
Spartannash Company formerly Spartan Stores Inc. is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 42 states and the District of Columbia Europe Cuba Puerto Rico Bahrain Egypt Honduras Afghanistan and Bosnia. The Company operates through three segments: Military which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution which uses a multi-platform sales approach to distribute groceries to independent and corporate owned grocery retailers and Retail which operates retail supermarkets.