Insider Selling: David A. Ranhoff Unloads 14,742 Shares of Sunedison Stock (SUNE)
Sunedison (NASDAQ:SUNE) SVP David A. Ranhoff sold 14,742 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $1.76, for a total value of $25,945.92. Following the transaction, the senior vice president now directly owns 150,000 shares of the company’s stock, valued at approximately $264,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SUNE. Analysts at Cowen and Company initiated coverage on shares of Sunedison in a research note on Tuesday, August 12th. They set a “market perform” rating and a $20.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Sunedison in a research note on Tuesday, August 12th. They set a “buy” rating and a $21.65 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Sunedison in a research note on Monday, August 11th. They now have a $19.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $24.22.
Shares of Sunedison (NASDAQ:SUNE) traded up 1.71% during mid-day trading on Wednesday, hitting $22.325. The stock had a trading volume of 2,741,391 shares. Sunedison has a one year low of $6.33 and a one year high of $24.35. The stock’s 50-day moving average is $21. and its 200-day moving average is $19.53. The company’s market cap is $6.003 billion.
Sunedison (NASDAQ:SUNE) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.28) by $0.40. The company had revenue of $557.50 million for the quarter, compared to the consensus estimate of $571.80 million. During the same quarter last year, the company posted ($0.19) earnings per share. Sunedison’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Sunedison will post $-0.59 earnings per share for the current fiscal year.
SunEdison Inc, formerly MEMC Electronic Materials, Inc, incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers.
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