Patrick Choel, a Director at Inter Parfums, has sold 9,750 shares worth more than $250,000 at $26.42 per share.
Choel’s latest sale follows Inter Parfums Chief Financial Officer Russell Greenberg who parted with $174,000 in the summer.
However, Choel sold at under the year average price; Inter Parfums’ sales have veered between just over $22 and $35.22 in the last 12 months. Analyst Hamed Khorsand from BWS Financial held a Buy rating on the stock and stuck to a $45 price target on the stock. Speaking to Cosmetics Business he said: “I have not changed my forecasts for 2016.
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