Insider Selling: ProShares UltraShort DJ-UBS Commodity (CMD) EVP Sells $103,580.00 in Stock

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) EVP Seth M. Yellin sold 1,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $103.58, for a total transaction of $103,580.00. Following the completion of the transaction, the executive vice president now directly owns 22,856 shares of the company’s stock, valued at approximately $2,367,424.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) opened at $80.17 on Friday. ProShares UltraShort DJ-UBS Commodity has a 1-year low of $37.21 and a 1-year high of $86.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.31 and a quick ratio of 1.36.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last issued its earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.085 per share. The ex-dividend date is Tuesday, January 16th.

Several brokerages recently weighed in on CMD. Zacks Investment Research cut shares of ProShares UltraShort DJ-UBS Commodity from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Thursday, December 7th. Finally, Raymond James Financial raised shares of ProShares UltraShort DJ-UBS Commodity from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Wednesday.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2018/01/05/insider-selling-proshares-ultrashort-dj-ubs-commodity-cmd-evp-sells-103580-00-in-stock.html.

About ProShares UltraShort DJ-UBS Commodity

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

Receive News & Ratings for ProShares UltraShort DJ-UBS Commodity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort DJ-UBS Commodity and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply