POWL - Massive Insider Trade At Powell Industries | Benzinga
Disclosed on February 28, Thomas W Powell, 10% Owner at Powell Industries (NASDAQ:POWL), executed a substantial insider sell as per the latest SEC filing.
What Happened: Powell's recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday unveiled the sale of 25,000 shares of Powell Industries. The total transaction value is $4,263,208.
At Thursday morning, Powell Industries shares are up by 2.48%, trading at $180.0.
Get to Know Powell Industries Better
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.
Powell Industries's Financial Performance
Revenue Growth: Powell Industries displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 52.94%. This indicates a notable increase in the ...