Methode Electronics Inc (MEI) Files Form 4 Insider Selling : Kill Theodore Sells 8,000 Shares

Methode Electronics Inc (MEI): Kill Theodore , VP Worldwide Auto Sales of Methode Electronics Inc sold 8,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $32.84 per share for a total value of $262,755.19 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 17, 2015, Ronald L.g. Tsoumas (Controller & Treasurer) sold 28,384 shares at $32.04 per share price.On Sep 25, 2015, Walter J Aspatore (director) sold 8,000 shares at $32.08 per share price.Also, On Sep 11, 2015, Warren L Batts (director) purchased 30,553 shares at $32.03 per share price.On Jul 10, 2015, Douglas A Koman (CFO) purchased 340 shares at $0.00 per share price.

Methode Electronics: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Methode Electronics which led to swings in the share price. The shares opened for trading at $32.75 and hit $33.06 on the upside , eventually ending the session at $32.97, with a gain of 2.58% or 0.83 points. The heightened volatility saw the trading volume jump to 5,35,356 shares. The 52-week high of the share price is $37.25 and the company has a market cap of $1,214 M . The 52-week low of the share price is at $22.67.

Methode Electronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Methode Electronics is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $35 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 24, 2016.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

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