G&k Services Inc (GK) Files Form 4 Insider Selling : Lynn Crump Caine Sells 3,100 Shares

G&k Services Inc (GK): Lynn Crump Caine , director of G&k Services Inc sold 3,100 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $96.67 per share for a total value of $299,677.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, M Lenny Pippin (director) sold 2,400 shares at $97.30 per share price.On Sep 2, 2016, Thomas Joseph Dietz (Vice President and Controller) sold 4,236 shares at $97.20 per share price.Also, On Sep 2, 2016, Jeffrey Louis Cotter (VP, General Counsel, Secretary) sold 477 shares at $96.99 per share price.On Aug 30, 2016, Wayne M Fortun (director) sold 2,400 shares at $97.10 per share price.

G&K Services Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in G&K Services Inc which led to swings in the share price. The shares opened for trading at $96.82 and hit $97.08 on the upside , eventually ending the session at $96.99, with a gain of 0.31% or 0.3 points. The heightened volatility saw the trading volume jump to 69,732 shares. The 52-week high of the share price is $98.215 and the company has a market cap of $1,909 M . The 52-week low of the share price is at $51.94.

G&K Services Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.G&K Services Inc is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Aug 18, 2016.

G&K Services Inc. is a service-focused market leader of branded uniform and facility services programs. The Company’s facility products and services include floor mats towels mops and restroom hygiene products. The Company serves customers in industries including automotive warehousing distribution transportation energy manufacturing food processing pharmaceutical retail restaurants hospitality government healthcare and others. The Company provides service to customers of every size from Fortune 100 companies to small and midsize firms. The Company offers facility services programs that provide dust control maintenance hand care and hygiene products and services. These programs include floor mat offerings such as traction control logo message scraper anti-fatigue; towel products such as shop kitchen bar bath dish continuous roll microfiber; mop offerings such as dust microfiber wet; fender covers selected linen items and restroom hygiene products.

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