Tower International, Inc. (TOWR): Nicholas D Chabraja , director of Tower International, Inc. purchased 4,000 shares on Jun 28, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $19.42 per share for a total value of $77,680.00 , 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 30, 2016, Thomas K Brown (director) purchased 6,390 shares at $19.70 per share price.On May 27, 2016, Nicholas D Chabraja (director) purchased 4,000 shares at $21.03 per share price.Also, On Feb 27, 2015, James C Gouin (EVP & CFO) sold 8,666 shares at $27.86 per share price.
Tower International Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Tower International Inc which led to swings in the share price. The shares opened for trading at $20.19 and hit $20.7 on the upside , eventually ending the session at $20.58, with a gain of 3.47% or 0.69 points. The heightened volatility saw the trading volume jump to 2,97,447 shares. The 52-week high of the share price is $31.41 and the company has a market cap of $436 M . The 52-week low of the share price is at $18.75.
Company has been under the radar of several Street Analysts.Tower International Inc is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.
Tower International Inc. is a global manufacturer of engineered automotive structural metal components and assemblies serving automotive original equipment manufacturers (OEMs). The Company operates in two segments: the Americas and International. The International segment consists of Europe and Asia and the Americas segment consists of North and South America. The Company offers its automotive customers a product portfolio supplying body-structure stampings frame and other chassis structures and complex welded assemblies for small and large cars crossovers pickups and sport utility vehicles (SUVs). The Company’s products are manufactured at 27 facilities located in North America Europe Brazil and China. The Company supports its manufacturing operations through seven engineering and sales locations around the world. The Company produces a range of structural components and assemblies.