Tempur Sealy International, Inc. (TPX): Richard W Anderson , EVP & President North America of Tempur Sealy International, Inc. sold 75,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $76.99 per share for a total value of $5,799,250.00 , 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 3, 2016, Robert B Jr Trussell (director) sold 5,000 shares at $75.50 per share price.On Aug 1, 2016, Lou H Jones (EVP, GC & SECRETARY) sold 27,200 shares at $74.49 per share price.Also, On Jun 15, 2016, Jay G Spenchian (EVP, Chief Marketing Officer) purchased 7,000 shares at $58.37 per share price.On Jun 1, 2016, Bhaskar Rao (CAO & SVP Finance) purchased 8,450 shares at $58.97 per share price.
Tempur Sealy International Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Tempur Sealy International Inc which led to swings in the share price. The shares opened for trading at $77.65 and hit $78.19 on the upside , eventually ending the session at $77.64, with a gain of 1.24% or 0.95 points. The heightened volatility saw the trading volume jump to 7,20,544 shares. The 52-week high of the share price is $82.61 and the company has a market cap of $4,535 M . The 52-week low of the share price is at $50.8.
Company has been under the radar of several Street Analysts.Tempur Sealy International Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $67 .The Rating was issued on Jul 29, 2016.
Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.