ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Charles M. Diker sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $116.48, for a total value of $2,329,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ProShares UltraShort DJ-UBS Commodity stock traded down $1.23 during mid-day trading on Thursday, reaching $113.71. The company’s stock had a trading volume of 4,755,389 shares, compared to its average volume of 226,892. ProShares UltraShort DJ-UBS Commodity has a 52 week low of $69.21 and a 52 week high of $123.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.31.
Several brokerages recently weighed in on CMD. Zacks Investment Research raised ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, March 12th. Raymond James Financial raised 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 research note on Wednesday, January 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Thursday, December 7th.
TRADEMARK VIOLATION NOTICE: “Insider Selling: ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Sells 20,000 Shares of Stock” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/22/charles-m-diker-sells-20000-shares-of-proshares-ultrashort-dj-ubs-commodity-cmd-stock.html.
ProShares UltraShort DJ-UBS Commodity Company Profile
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.