Insider Selling: Cameron International Corp. EVP Sells 20,000 Shares of Stock (CAM)
Cameron International Corp. (NYSE:CAM) EVP John Carne unloaded 20,000 shares of Cameron International Corp. stock on the open market in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. Following the sale, the executive vice president now directly owns 68,122 shares of the company’s stock, valued at approximately $4,087,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CAM. Analysts at Morgan Stanley downgraded shares of Cameron International Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 14th. They now have a $66.00 price target on the stock. Separately, analysts at ISI Group downgraded shares of Cameron International Corp. from a “strong-buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, analysts at RBC Capital downgraded shares of Cameron International Corp. from a “top pick” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $68.00 price target on the stock, up previously from $64.00. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $67.48.
Shares of Cameron International Corp. (NYSE:CAM) traded up 0.08% on Wednesday, hitting $59.33. 3,546,634 shares of the company’s stock traded hands. Cameron International Corp. has a one year low of $52.50 and a one year high of $67.42. The stock has a 50-day moving average of $57.98 and a 200-day moving average of $58.51. The company has a market cap of $14.113 billion and a P/E ratio of 21.09.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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