Spartannash Co (SPTN) Files Form 4 Insider Selling : Derek R Jones Sells 4,435 Shares

Spartannash Co (SPTN): Derek R Jones , EVP, Pres. Whlse & Dist. Ops. of Spartannash Co sold 4,435 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $29.80 per share for a total value of $131,836.00 , 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 30, 2016, Edward L Brunot (Exec. V. P. and Pres. of MDV) sold 2,722 shares at $28.58 per share price.On Mar 23, 2016, Lawrence R Pierce (EVP Merch. and Marketing) sold 2,453 shares at $28.75 per share price.Also, On Mar 23, 2016, David M Staples (EVP and COO, Int. CFO) sold 3,441 shares at $29.31 per share price.On Mar 23, 2016, Kathleen M Mahoney (EVP CLO and Sec’y) sold 1,828 shares at $29.32 per share price.

Shares of SpartanNash Co (SPTN) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.47 points or -1.57% at $29.47 with 1,73,206 shares getting traded. Post opening the session at $30, the shares hit an intraday low of $28.94 and an intraday high of $30.1 and the price vacillated in this range throughout the day. The company has a market cap of $1,104 M and the number of outstanding shares has been calculated to be 3,74,71,675 shares. The 52-week high of SpartanNash Co is $33.89 and the 52-week low is $17.66.

SpartanNash Co Money Flow Index Chart

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.

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