POWL - Managing Director Of Powell Industries Makes $220K Sale | Benzinga
It was reported on June 4, that John Birchall, Managing Director at Powell Industries (NASDAQ:POWL) executed a significant insider sell, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Birchall sold 1,100 shares of Powell Industries. The total transaction value is $220,715.
In the Tuesday's morning session, Powell Industries's shares are currently trading at $171.34, experiencing a down of 0.0%.
Unveiling the Story Behind 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.
Financial Milestones: Powell Industries's Journey
Revenue Growth: Powell Industries displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth ...