Schnitzer Steel Industries Inc (SCHN) Files Form 4 Insider Selling : Jeffery Dyck Sells 9,205 Shares

Schnitzer Steel Industries Inc (SCHN): Jeffery Dyck , Pres. Steel Manufacturing Bus. of Schnitzer Steel Industries Inc sold 9,205 shares on Jul 5, 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 $17.61 per share for a total value of $162,103.05 , 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 21, 2015, Wayland R Hicks (director) purchased 2,500 shares at $16.49 per share price.On Apr 30, 2015, Richard C Josephson (SVP & General Counsel) sold 550 shares at $16.92 per share price.

Shares of Schnitzer Steel Industries (SCHN) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.28% at $17.61 with 4,60,741 shares getting traded. Post opening the session at $17.57, the shares hit an intraday low of $17.43 and an intraday high of $17.97 and the price vacillated in this range throughout the day. The company has a market cap of $472 M and the number of outstanding shares has been calculated to be 2,67,83,826 shares. The 52-week high of Schnitzer Steel Industries is $21.57 and the 52-week low is $11.7.

Schnitzer Steel Industries Money Flow Index Chart

Schnitzer Steel Industries Inc. (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB) the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB). MRB buys collects processes recycles sells and brokers ferrous scrap metal (containing iron) to foreign and domestic steel producers including SMB and nonferrous scrap metal (not containing iron) to both foreign and domestic markets. APB procures used and salvaged vehicles and sells serviceable used auto parts from these vehicles through its 62 self-service auto parts stores located across the United States and Western Canada. SMB operates a steel mini-mill in McMinnville Oregon that produces a range of finished steel products using recycled metal and other raw materials.

Leave a Reply

Schnitzer Steel Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Schnitzer Steel Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.