HUBB - Massive Insider Trade At Hubbell | Benzinga
Revealing a significant insider sell on February 6, Gerben Bakker, Chairman at Hubbell (NYSE:HUBB), as per the latest SEC filing.
What Happened: Bakker's recent move involves selling 13,355 shares of Hubbell. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $4,716,051.
Hubbell's shares are actively trading at $350.65, experiencing a up of 0.11% during Wednesday's morning session.
About Hubbell
Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.
Financial Milestones: Hubbell's Journey
Revenue Growth: Hubbell's revenue growth over a period of 3 months has faced challenges. As of 31 December, ...