MIDD - Sell Alert: JOHN MILLER III Cashes Out $252K In Middleby Stock | Benzinga
JOHN MILLER III, Director at Middleby (NASDAQ:MIDD), reported an insider sell on June 6, according to a new SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, III sold 2,000 shares of Middleby. The total transaction value is $252,640.
In the Friday's morning session, Middleby's shares are currently trading at $127.25, experiencing a up of 1.07%.
Discovering Middleby: A Closer Look
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Middleby: Financial Performance Dissected
Revenue Challenges: Middleby's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -7.99%. This indicates a decrease ...