Methode Electronics Inc (MEI) Files Form 4 Insider Selling : Lawrence B Skatoff Sells 3,000 Shares

Methode Electronics Inc (MEI): Lawrence B Skatoff , director of Methode Electronics Inc sold 3,000 shares on Sep 21, 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 $35.06 per share for a total value of $104,989.00 , 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 8, 2016, Isabelle C Goossen (director) sold 3,000 shares at $35.75 per share price.On Sep 8, 2016, Donald W Duda (Chief Executive Officer) sold 40,000 shares at $35.50 per share price.Also, On Aug 11, 2016, Paul G Shelton (director) sold 2,150 shares at $36.06 per share price.On Jul 6, 2016, Douglas A Koman (CFO) purchased 519 shares at $0.00 per share price.

Shares of Methode Electronics (MEI) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.46% at $34.29 with 1,32,016 shares getting traded. Post opening the session at $34.68, the shares hit an intraday low of $34.2599 and an intraday high of $34.75 and the price vacillated in this range throughout the day. The company has a market cap of $1,267 M and the number of outstanding shares has been calculated to be 3,69,53,433 shares. The 52-week high of Methode Electronics is $37.25 and the 52-week low is $23.83.

Methode Electronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Sep 2, 2016.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

Leave a Reply

Methode Electronics - Is it time to Sell?

Top Brokerage Firms are advising their investors on Methode Electronics. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.