MSM - Kimberly Shacklett Implements A Sell Strategy: Offloads $413K In MSC Industrial Direct Co Stock | Benzinga
Revealing a significant insider sell on July 18, Kimberly Shacklett, SVP at MSC Industrial Direct Co (NYSE:MSM), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Shacklett sold 4,885 shares of MSC Industrial Direct Co. The total transaction value is $413,251.
At Friday morning, MSC Industrial Direct Co shares are down by 0.0%, trading at $84.14.
Unveiling the Story Behind MSC Industrial Direct Co
MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the US.
MSC Industrial Direct Co: Delving into Financials
Negative Revenue Trend: Examining MSC Industrial Direct Co's financials over 3 months reveals challenges. As of 29 February, 2024, the company experienced a decline of approximately -2.73% in revenue growth, reflecting a decrease in top-line earnings. In comparison to ...