Neenah Paper Inc (NP) Files Form 4 Insider Selling : James R Piedmonte Sells 10,000 Shares

Neenah Paper Inc (NP): James R Piedmonte , SVP, Operations of Neenah Paper Inc sold 10,000 shares on Sep 8, 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 $79.44 per share for a total value of $795,953.50 , 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 1, 2016, Larry Newton Brownlee (VP & Controller) sold 368 shares at $80.56 per share price.On Aug 12, 2016, Julie Schertell (SVP, President FP&P.) sold 1,400 shares at $76.00 per share price.Also, On Jun 9, 2016, Timothy S Lucas (director) sold 1,493 shares at $71.09 per share price.On Jun 8, 2016, Bonnie Cruickshank Lind (SVP, CFO & Treasurer) sold 4,348 shares at $70.88 per share price.

Neenah Paper: On Monday, Sep 12, 2016 heightened volatility was witnessed in Neenah Paper which led to swings in the share price. The shares opened for trading at $78.06 and hit $79 on the upside , eventually ending the session at $78.64, with a gain of 0.58% or 0.45 points. The heightened volatility saw the trading volume jump to 116,753 shares. The 52-week high of the share price is $82.24 and the company has a market cap of $1,320 M . The 52-week low of the share price is at $52.7.

Neenah Paper 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 Aug 5, 2016.

Neenah Paper Inc. (Neenah) has two primary businesses: technical products business and fine paper and packaging business. The Company’s technical products business is engaged in the production of filter media for transportation water and other markets and saturated and coated substrates for industrial products backings and a variety of other end markets. The technical products brands include JET-PRO SofStretch KIMDURA MUNISING LP PREVAIL NEENAH GESSNER and varieties. The Company’s fine paper and packaging business supplies printing packaging and other specialty papers in North America. The fine paper and packaging brands include CLASSIC ENVIRONMENT CAPITOL BOND ROYAL SUNDANCE SOUTHWORTH CLASSIC CREST ESSE ASTROBRIGHTS and EXACT BRIGHTS. In addition the Company also operates other segment which includes the Index Tag and Vellum Bristol product lines.

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