Fleetcor Technologies Inc (FLT) Files Form 4 Insider Selling : John Coughlin Sells 13,250 Shares

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Fleetcor Technologies Inc (FLT): John Coughlin , Exec VP, Corp Development of Fleetcor Technologies Inc sold 13,250 shares on Feb 22, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $165.75 per share for a total value of $2,196,553.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 21, 2017, Andrew Blazye (CEO, Europe) sold 1,460 shares at $167.42 per share price.On Feb 21, 2017, Gregory L Secord (President- NA Trucking) sold 1,460 shares at $167.44 per share price.Also, On Feb 21, 2017, John A Reed (Global Chief Information Offic) sold 560 shares at $167.55 per share price.On Feb 21, 2017, Todd House (President NA Card Products) sold 560 shares at $167.56 per share price.

FleetCor Technologies: On Wednesday, Feb 22, 2017 heightened volatility was witnessed in FleetCor Technologies which led to swings in the share price. The shares opened for trading at $166 and hit $167.18 on the upside , eventually ending the session at $167.09, with a gain of 0.31% or 0.52 points. The heightened volatility saw the trading volume jump to 5,70,272 shares. The 52-week high of the share price is $176.42 and the company has a market cap of $15,345 M . The 52-week low of the share price is at $124.205.

FleetCor Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.FleetCor Technologies is Initiated by Citigroup to Buy. The Rating was issued on Dec 15, 2016.

FleetCor Technologies Inc. is an independent global provider of fuel cards commercial payment and data solutions stored value solutions and workforce payment products and services to businesses retailers commercial fleets oil companies petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America the Company sells a fuel card product commercial payment and data solutions as well as a fleet telematics offering which allows customers to track the location of mobile workers in field-based businesses as well as over-the-road trucking fleets. In its International segment the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally the Company provides a similar fuel product in its International segment to over-the-road trucking fleets shipping fleets and other operators of heavily industrialized equipment.

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Tom Mitchell

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