.jpg "Scholastic Corp (NASDAQ: SCHL)")
Today it was reported that a Director at Scholastic Corp (NASDAQ: SCHL), John L. Davies, exercised options to sell 6,634 SCHL shares at $38.58 a share, for a total transaction value of $306K.
Following John L. Davies’ last SCHL Sell transaction on April 24, 2018, the stock climbed by 4.3%.
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Based on Scholastic Corp’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $496 million and quarterly net profit of $50.8 million. In comparison, last year the company earned revenue of $189 million and had a GAAP net loss of $63.7 million. Currently, Scholastic Corp has an average volume of 198.2K.
One of the top 25 analysts, according to TipRanks.com, recently recommended Hold SCHL with a $44 price target.
The insider sentiment on Scholastic Corp has been negative according to 82 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
John L. Davies’ trades have generated a 2.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Scholastic Corp. engages in the publication and distribution of children’s books, magazines, and teaching materials. It operates through the following segments: Children’s Book Publishing and Distribution; Education; and International.
