POWL - 10% Owner Of Powell Industries Makes $1.88M Sale | Benzinga
Disclosed on December 19, Thomas W Powell, 10% Owner at Powell Industries (NASDAQ:POWL), executed a substantial insider sell as per the latest SEC filing.
What Happened: Powell's recent move involves selling 20,357 shares of Powell Industries. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $1,881,592.
Powell Industries shares are trading down 0.02% at $96.02 at the time of this writing on Wednesday morning.
Discovering Powell Industries: A Closer Look
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
Powell Industries: A Financial Overview
Revenue Growth: Powell Industries's revenue growth over a period of 3 months has been noteworthy. As ...