Sabre Corp (SABR): Hugh W Jones , Executive Vice President of Sabre Corp sold 106,036 shares on Jul 6, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $26.98 per share for a total value of $2,860,416.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Lawrence W Kellner (director) sold 25,000 shares at $26.86 per share price.On Jun 21, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $27.49 per share price.Also, On Jun 2, 2016, Richard A Simonson (Executive Vice President, CFO) sold 30,000 shares at $27.96 per share price.On Jun 2, 2016, Hugh W Jones (Executive Vice President) sold 106,036 shares at $27.96 per share price.
Sabre Corp: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Sabre Corp which led to swings in the share price. The shares opened for trading at $26.81 and hit $27.15 on the upside , eventually ending the session at $27.01, with a gain of 0.56% or 0.15 points. The heightened volatility saw the trading volume jump to 27,66,035 shares. The 52-week high of the share price is $30.455 and the company has a market cap of $7,485 M . The 52-week low of the share price is at $22.0301.
Company has been under the radar of several Street Analysts.Sabre Corp is Initiated by Sterne Agee CRT to Buy and the brokerage firm has set the Price Target at $33. The Rating was issued on Apr 13, 2016.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.