Tempur Sealy International, Inc. (TPX): Jay G Spenchian , EVP, Chief Marketing Officer of Tempur Sealy International, Inc. purchased 7,000 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were purchased at $58.37 per share for a total value of $408,590.00 , 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 1, 2016, Bhaskar Rao (CAO & SVP Finance) purchased 8,450 shares at $58.97 per share price.On May 17, 2016, Jay G Spenchian (EVP, Chief Marketing Officer) purchased 8,800 shares at $56.90 per share price.Also, On May 3, 2016, Scott L Thompson (CEO) purchased 16,679 shares at $59.96 per share price.On May 3, 2016, Barry Hytinen (CFO) purchased 16,665 shares at $60.19 per share price.
Tempur Sealy International Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Tempur Sealy International Inc which led to swings in the share price. The shares opened for trading at $58.4 and hit $59.463 on the upside , eventually ending the session at $58.14, with a gain of 0.47% or 0.27 points. The heightened volatility saw the trading volume jump to 11,79,859 shares. The 52-week high of the share price is $82.61 and the company has a market cap of $3,542 M . The 52-week low of the share price is at $50.8.
Company has been under the radar of several Street Analysts.Tempur Sealy International Inc is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $61. The Rating was issued on May 24, 2016.Tempur Sealy International Inc is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Apr 28, 2016.Tempur Sealy International Inc is Downgraded by Wedbush to Neutral and the brokerage firm has set the Price Target at $58. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 22, 2016.
Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.