POWL - Insider Transaction: Thomas W Powell Sells $475K Worth Of Powell Industries Shares | Benzinga
Revealing a significant insider sell on December 21, Thomas W Powell, 10% Owner at Powell Industries (NASDAQ:POWL), as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Powell sold 5,000 shares of Powell Industries. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $475,209.
Tracking the Friday's morning session, Powell Industries shares are trading at $90.28, showing a down of 0.06%.
About Powell Industries
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.
A Deep Dive into Powell Industries's Financials
Revenue Growth: Powell Industries's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an ...