Conns Inc (CONN) Files Form 4 Insider Buying : Warren A Stephens Buys 1,000,000 Shares

Conns Inc (CONN): Warren A Stephens , 10% owner of Conns Inc purchased 1,000,000 shares on Jul 15, 2016. The Insider buying transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.10 per share for a total value of $7,100,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 19, 2016, Harriet C Stephens (10% owner) purchased 1,000,000 shares at $7.10 per share price.On Jul 19, 2016, A Stephens Grantors Tru Warren (10% owner) purchased 285,000 shares at $7.10 per share price.Also, On Jun 27, 2016, William E Jr Saunders (director) purchased 10,000 shares at $7.60 per share price.On Apr 12, 2016, Warren A Stephens (10% owner) purchased 250,000 shares at $10.74 per share price.

CONN'S: On Monday, Jul 18, 2016 heightened volatility was witnessed in CONN'S which led to swings in the share price. The shares opened for trading at $7.23 and hit $7.43 on the upside , eventually ending the session at $7.25, with a gain of 0.14% or 0.01 points. The heightened volatility saw the trading volume jump to 4,13,704 shares. The 52-week high of the share price is $39.8 and the company has a market cap of $223 M . The 52-week low of the share price is at $6.7.

CONN'S Money Flow Index Chart

Company has been under the radar of several Street Analysts.CONN'S is Downgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jun 3, 2016.

Conn’s Inc. is a retailer that offers a selection of durable consumer goods and related services in addition to a credit solution for its primary credit constrained consumers. The Company operates business through its retail stores and Website. The Company operates through two segments: retail and credit. Its product offerings include furniture and mattresses home appliances consumer electronics and home office products. The Company’s retail stores bear the Conn’s or Conn’s HomePlus name and deliver the same products and services to a common customer group. Its credit offering provides financing solutions to a population of credit constrained consumers who typically have limited banking options and have credit scores between 550 and 650.

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