GIC - Global Industrial Executive Chairman Sold $15.64M In Company Stock | Benzinga
Revealing a significant insider sell on March 18, Richard Leeds, Executive Chairman at Global Industrial (NYSE:GIC), as per the latest SEC filing.
What Happened: Leeds's decision to sell 380,000 shares of Global Industrial was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $15,637,000.
The latest market snapshot at Tuesday morning reveals Global Industrial shares down by 0.0%, trading at $44.53.
Discovering Global Industrial: A Closer Look
Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.
Unraveling the Financial Story of Global Industrial
Positive Revenue Trend: Examining Global Industrial's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.88% as of 31 December, 2023, showcasing a substantial ...