Thomas Powell Sells 49,778 Shares of Powell Industries (NASDAQ:POWL) Stock

Thomas Powell, a major shareholder in Powell Industries (NASDAQ:POWL), sold 49,778 shares worth approximately $25 million on March 19th, reducing his stake by 7.68%. This transaction occurred as POWL stock traded up 5.2% intraday and the company announced a 3-for-1 stock split effective April 6th. Powell Industries also recently beat EPS estimates, reported a 4.1% revenue increase, and declared a $0.27 quarterly dividend.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin