Transdigm Group Incorporated (TDG) : The traders have covered their outstanding shorts in Transdigm Group Incorporated (TDG) to the tune of -411,381 shares, a change of -9.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 4,161,398 shares, however, by August 15, 2016, the shorts had reduced to 3,750,017 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 7.4% of the free float of the stock. It takes 9 days to cover the outstanding short positions. The stock has an average daily volume of 438,118 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Transdigm Group Incorporated (NYSE:TDG): The stock opened at $285.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $286.90 for the day. The stock traded down to $283.69 during the day, due to lack of any buying support eventually closed down at $284.29 with a loss of -0.86% for the day. The stock had closed at $286.76 on the previous day. The total traded volume was 193,186 shares.
In a related news, The Securities and Exchange Commission has divulged that Iversen Bernt G Ii, officer (Executive Vice President) of Transdigm Group Inc, had unloaded 10,000 shares at an average price of $278.86 in a transaction dated on August 1, 2016. The total value of the transaction was worth $2,788,600.
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, and power conditioning devices.