Terex Corp (TEX) Files Form 4 Insider Selling : Matthew Fearon Sells 3,632 Shares

Terex Corp (TEX): Matthew Fearon , President, Terex AWP of Terex Corp sold 3,632 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $24.69 per share for a total value of $89,674.08 , 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 7, 2016, Kenneth D. Lousberg (President, Terex Cranes) purchased 71 shares at $24.35 per share price.On Sep 7, 2016, Brian J Henry (SVP Finance, Bus Development) purchased 94 shares at $24.35 per share price.Also, On Sep 7, 2016, George Ellis (Senior VP Operations/Planning) purchased 19 shares at $24.35 per share price.On Sep 7, 2016, Kevin Bradley (SVP & Chief Financial Officer) purchased 47 shares at $24.35 per share price.

Terex Corporation: On Monday, Sep 12, 2016 heightened volatility was witnessed in Terex Corporation which led to swings in the share price. The shares opened for trading at $23.7 and hit $24.74 on the upside , eventually ending the session at $24.66, with a gain of 2.28% or 0.55 points. The heightened volatility saw the trading volume jump to 1,095,914 shares. The 52-week high of the share price is $25.565 and the company has a market cap of $2,678 M . The 52-week low of the share price is at $13.62.

Terex Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Terex Corporation is Initiated by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $26. The Rating was issued on Sep 7, 2016.Terex Corporation is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 9, 2016.Terex Corporation is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 20 from a previous price target of $25 . The Rating was issued on Jul 11, 2016.Terex Corporation is Resumed by BofA/Merrill to Underperform. The Rating was issued on Jul 7, 2016.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.

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