CNM - 10% Owner Of Core & Main Makes $938.88M Sale | Benzinga
CDR Investment Associates X Ltd, 10% Owner at Core & Main (NYSE:CNM), disclosed an insider sell on January 25, according to a recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Ltd sold 22,907,815 shares of Core & Main. The total transaction amounted to $938,876,797.
Monitoring the market, Core & Main's shares down by 1.99% at $39.5 during Friday's morning.
Get to Know Core & Main Better
Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.
Key Indicators: Core & Main's Financial Health
Revenue Growth: Core & Main's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 0.5%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among ...