Sealed Air Corp (SEE) Insider Lowers Position By 20,000 Shares

Sealed Air Corp (NYSE:SEE), saw an insider alter their position with the company through a transaction that began earlier in the week and was officially filed today, August 28th. Senior Vice President Emile Z. Chammas sold 20,000 shares of common stock at average prices ranging from $35.94 to $35.97 per share. Following this move, Chammas now holds 75,169 shares directly, while indirectly having 1,754 shares invested in the company.
In addition, Sealed Air Corp (NYSE:SEE) is a $7.6 billion market cap company that is engaged in food safety and security, facility hygiene and product protection business. The Company serves a range of end markets, including food and beverage processing, food service, retail, health care and industrial, commercial and consumer applications.
Finally, billionaire D. E. Shaw is betting on the company this quarter. His hedge fund, D E Shaw, rose its activity with the corporation by 8% last quarter, now holding about 11.4 million shares worth approximately $390 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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