Tyco International Ltd. (TYC) Insider Sells Over 2,000 Shares

Tyco International Ltd. (NYSE:TYC) saw an insider lower his position in the company today. The Senior Vice President and Controller Sam Eldessouky disposed of 2,586 shares of common stock at an average price of $43.97 per share. Following this move, Eldessouky now holds a total of 18,035 shares directly. A $19.65 billion market cap company, Tyco International Ltd.(NYSE:TYC) is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products. It operates in five segments: ADT Worldwide, Flow Control, Fire Protection Services, Electrical and Metal Products, and Safety Products.
In addition, among the institutional investors involved in Tyco International Ltd. (NYSE:TYC) is billionaire D. E. Shaw‘s D E Shaw fund. After reporting a 28% rise in its holdings over the course of the last fiscal quarter, the fund now holds about 4.45 million shares worth around $203.7 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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