Tenneco Inc (TEN) Files Form 4 Insider Selling : Gregg M Sherrill Sells 51,609 Shares

Tenneco Inc (TEN): Gregg M Sherrill , Chairman & CEO of Tenneco Inc sold 51,609 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $54.22 per share for a total value of $2,770,740.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Kenneth R Trammell (Exec. Vice President and CFO) sold 21,080 shares at $51.55 per share price.On May 6, 2016, Timothy E Jackson (Executive Vice President) sold 13,811 shares at $52.38 per share price.Also, On May 4, 2016, Gregg M Sherrill (Chairman & CEO) sold 80,672 shares at $53.20 per share price.On Jan 5, 2016, John E Kunz (Vice President and Controller) sold 4,480 shares at $45.24 per share price.

Shares of Tenneco Inc (TEN) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -1.19 points or -2.22% at $52.53 with 10,68,598 shares getting traded. Post opening the session at $53.22, the shares hit an intraday low of $51.85 and an intraday high of $53.22 and the price vacillated in this range throughout the day. The company has a market cap of $3,009 M and the number of outstanding shares has been calculated to be 5,72,87,298 shares. The 52-week high of Tenneco Inc is $61.7287 and the 52-week low is $34.45.

Tenneco Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tenneco Inc is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 27, 2016.Tenneco Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $47 .The Rating was issued on Apr 27, 2016.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Company’s various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.

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