Perkinelmer Inc (PKI) Files Form 4 Insider Selling : Daniel R Tereau Sells 18,866 Shares

Perkinelmer Inc (PKI): Daniel R Tereau , officer of Perkinelmer Inc sold 18,866 shares on Sep 12, 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 $52.00 per share for a total value of $981,032.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 25, 2016, Kenton J Sicchitano (director) sold 15,189 shares at $54.87 per share price.On Aug 18, 2016, Patrick J Sullivan (director) sold 8,308 shares at $54.74 per share price.Also, On Jun 3, 2016, Alexis P Michas (director) sold 1,953 shares at $54.85 per share price.On May 26, 2016, Robert F Friel (President and CEO) sold 128,300 shares at $55.01 per share price.

PerkinElmer: On Monday, Sep 12, 2016 heightened volatility was witnessed in PerkinElmer which led to swings in the share price. The shares opened for trading at $52.08 and hit $53.16 on the upside , eventually ending the session at $53.03, with a gain of 0.53% or 0.28 points. The heightened volatility saw the trading volume jump to 541,151 shares. The 52-week high of the share price is $57.28 and the company has a market cap of $5,802 M . The 52-week low of the share price is at $39.5.

PerkinElmer Money Flow Index Chart

Company has been under the radar of several Street Analysts.PerkinElmer is Downgraded by Mizuho to Neutral and the brokerage firm has set the Price Target at $56. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 5, 2016.

PerkinElmer Inc. is a provider of products services and solutions to the diagnostics research environmental industrial and laboratory services markets. The Company operates its business in two segments: Human Health and Environmental Health. The Company’s Human Health segment concentrates on developing diagnostics tools and applications to help detect diseases earlier and more accurately and to accelerate the discovery and development of new therapies. The Company’s Environmental Health segment provides products services and solutions to facilitate the creation of safer food and consumer products more secure surroundings and efficient energy resources. The Company markets its products and services in more than 150 countries.

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