Scripps Networks Interactive, Inc. (SNI) Files Form 4 Insider Selling : Edward W Scripps Sells 45,190 Shares

Scripps Networks Interactive, Inc. (SNI): Edward W Scripps , 10% owner of Scripps Networks Interactive, Inc. sold 45,190 shares on Sep 9, 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 $62.54 per share for a total value of $2,809,402.25 , 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 13, 2016, Cynthia L Gibson (EVP and CLO) sold 2,238 shares at $62.25 per share price.On Sep 9, 2016, Cynthia J Scripps (10% owner) sold 95,000 shares at $63.17 per share price.Also, On May 23, 2016, Jimmy R. Scripps (10% owner) sold 400,000 shares at $62.29 per share price.On May 17, 2016, Mark S Hale (EVP, Global Operations & CTO) sold 8,118 shares at $64.65 per share price.

Scripps Networks Interactive: On Monday, Sep 12, 2016 heightened volatility was witnessed in Scripps Networks Interactive which led to swings in the share price. The shares opened for trading at $61.75 and hit $63.01 on the upside , eventually ending the session at $62.88, with a gain of 1.70% or 1.05 points. The heightened volatility saw the trading volume jump to 874,018 shares. The 52-week high of the share price is $68.44 and the company has a market cap of $8,114 M . The 52-week low of the share price is at $47.62.

Scripps Networks Interactive Money Flow Index Chart

Company has been under the radar of several Street Analysts.Scripps Networks Interactive is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $75. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jul 20, 2016.

Scripps Networks Interactive Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks HGTV Food Network Travel Channel DIY Network Cooking Channel and Great American Country. HGTV focuses on decorating interior design home remodeling landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience music performance specials live concerts and country music videos.

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