Northrop Grumman Corp /de/ (NOC) Files Form 4 Insider Selling : Christopher T Jones Sells 240 Shares

Northrop Grumman Corp /de/ (NOC): Christopher T Jones , Corp VP & Pres Tech Svcs of Northrop Grumman Corp /de/ sold 240 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $222.50 per share for a total value of $53,400.00 , 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 9, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,105 shares at $215.52 per share price.On Jun 7, 2016, Donald E Felsinger (director) sold 4,640 shares at $215.69 per share price.Also, On Jun 2, 2016, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at $211.57 per share price.On May 11, 2016, Denise M. Peppard (Corp VP & Chf HR Ofcr) sold 1,260 shares at $214.19 per share price.

Shares of Northrop Grumman Corporation (NOC) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -0.22% at $221.8 with 7,55,195 shares getting traded. Post opening the session at $222.5, the shares hit an intraday low of $221.07 and an intraday high of $223.42 and the price vacillated in this range throughout the day. The company has a market cap of $40,024 M and the number of outstanding shares has been calculated to be 18,04,51,620 shares. The 52-week high of Northrop Grumman Corporation is $223.42 and the 52-week low is $152.31.

Northrop Grumman Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Northrop Grumman Corporation is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $222. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 19, 2016.Northrop Grumman Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $189 .The Rating was issued on May 2, 2016.

Northrop Grumman Corporation is a global security company. The Company provides systems products and solutions in unmanned systems; cyber; command control communications and computers (C4) intelligence surveillance and reconnaissance (C4ISR); strike aircraft and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.

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