A substantial insider activity was disclosed on March 4, as Pregenzer, President at Atkore (NYSE:ATKR), reported the exercise of a large sell of company stock options.
What Happened: A notable Form 4 filing on Monday with the U.S. Securities and Exchange Commission revealed that Pregenzer, President at Atkore, exercised stock options for 4,044 shares of ATKR, resulting in a transaction value of $274,550.
The Tuesday morning market activity shows Atkore shares down by 0.0%, trading at $172.2. This implies a total value of $274,550 for Pregenzer's 4,044 shares.
About Atkore
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Key Indicators: Atkore's Financial Health
Decline in Revenue: Over the 3 months period, Atkore faced challenges, resulting in ...