Harman International Industries Inc /de/ (HAR) Files Form 4 Insider Selling : Michael Mauser Sells 11,260 Shares

Harman International Industries Inc /de/ (HAR): Michael Mauser , EVP, Pres. Lifestyle Audio of Harman International Industries Inc /de/ sold 11,260 shares on Sep 10, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $80.93 per share for a total value of $911,271.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 12, 2016, Herbert K Parker (EVP, Operational Excellence) sold 5,006 shares at $85.13 per share price.On May 10, 2016, Ralph Santana (Chief Marketing Officer) sold 3,650 shares at $72.17 per share price.Also, On Mar 14, 2016, John Stacey (EVP and Chief HR Officer) sold 8,000 shares at $81.33 per share price.On Feb 3, 2016, Michael Mauser (EVP, Pres. Lifestyle Audio) sold 11,254 shares at $73.08 per share price.

Harman International Industries /DE/: On Monday, Sep 12, 2016 heightened volatility was witnessed in Harman International Industries /DE/ which led to swings in the share price. The shares opened for trading at $80 and hit $82.52 on the upside , eventually ending the session at $82.14, with a gain of 1.50% or 1.21 points. The heightened volatility saw the trading volume jump to 1,693,875 shares. The 52-week high of the share price is $112.68 and the company has a market cap of $5,732 M . The 52-week low of the share price is at $64.93.

Harman International Industries /DE/ Money Flow Index Chart

Company has been under the radar of several Street Analysts.Harman International Industries /DE/ is Downgraded by Robert W. Baird to Neutral and the brokerage firm has set the Price Target at $87. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 5, 2016.Harman International Industries /DE/ is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 103 from a previous price target of $94 .The Rating was issued on Aug 5, 2016.Harman International Industries /DE/ is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $85 .The Rating was issued on Aug 5, 2016.Harman International Industries /DE/ is Downgraded by Pacific Crest to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 22, 2016.Harman International Industries /DE/ is Initiated by Deutsche Bank to Buy and the brokerage firm has set the Price Target at $94. The Rating was issued on Jul 20, 2016.

Harman International Industries Incorporated is engaged in the designing and engineering of connected products and solutions for automakers consumers and enterprises including audio systems visual products enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications as well as a range of loudspeaker and electronics for home multimedia and mobile applications. The Professional segment provides audio lighting video and control and automation solutions for commercial enterprise and public space applications. The Services segment creates software solutions that integrate design mobility cloud and analytics. Its brands include AKG AMX Crown Harman/Kardon Infinity JBL JBL Professional Lexicon Mark Levinson Martin Revel Soundcraft and Studer.

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