Genie Energy Ltd. (GNE) Files Form 4 Insider Selling : James A Courter Sells 5,000 Shares

Genie Energy Ltd. (GNE): James A Courter , director of Genie Energy Ltd. sold 5,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $6.03 per share for a total value of $30,137.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, James A Courter (director) sold 5,000 shares at $6.21 per share price.On Apr 19, 2016, Howard S Jonas (director officer 10% owner (Chairman of the Board) sold 263,713 shares at $6.32 per share price.Also, On Mar 17, 2015, Alan B Rosenthal (director) purchased 10,000 shares at $7.19 per share price.

Shares of Genie Energy Ltd (GNE) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -3.09% at $5.95 with 22,471 shares getting traded. Post opening the session at $6.16, the shares hit an intraday low of $5.93 and an intraday high of $6.16 and the price vacillated in this range throughout the day. The company has a market cap of $147 M and the number of outstanding shares has been calculated to be 2,46,46,967 shares. The 52-week high of Genie Energy Ltd is $14.97 and the 52-week low is $5.69.

Genie Energy Ltd Money Flow Index Chart

Genie Energy Ltd. (Genie) owns approximately 99.3% of its subsidiary Genie Energy International Corporation which wholly owns Genie Retail Energy and approximately 92% of Genie Oil and Gas Inc. The Company operates in two segments: Genie Retail Energy and Genie Oil and Gas. Genie Retail Energy is an independent supplier of electricity and natural gas to homes and small business in the Mid-Atlantic and Midwestern United States. Genie Retail Energy operates retail energy providers including IDT Energy and Residents Energy and energy brokerage and marketing services. Genie Oil and Gas Inc. is a resource and technology development company engaged in producing transportation fuels from oil and gas resources. Genie Oil and Gas Inc. has projects including a conventional oil and gas project in Northern Israel and early stage unconventional projects.

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