Methode Electronics Inc (MEI) Files Form 4 Insider Selling : Paul G Shelton Sells 2,000 Shares

Methode Electronics Inc (MEI): Paul G Shelton , director of Methode Electronics Inc sold 2,000 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $34.99 per share for a total value of $69,980.00 , 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 6, 2016, Douglas A Koman (CFO) purchased 519 shares at $0.00 per share price.On Jul 6, 2016, Kill Theodore (VP Worldwide Auto Sales) sold 4,000 shares at $34.29 per share price.Also, On Jul 6, 2016, Timothy Glandon (VP&GM NA Automotive) sold 4,000 shares at $34.62 per share price.On Jul 6, 2016, Donald W Duda (CEO) purchased 1,153 shares at $0.00 per share price.

Methode Electronics: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Methode Electronics which led to swings in the share price. The shares opened for trading at $33.91 and hit $34.59 on the upside , eventually ending the session at $34.57, with a gain of 2.04% or 0.69 points. The heightened volatility saw the trading volume jump to 2,07,657 shares. The 52-week high of the share price is $37.25 and the company has a market cap of $1,273 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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