Powell Industries Inc (POWL)

Shares of Powell Industries, Inc. (POWL) dropped by 5.63% from $96.04 to $90.63 in the trading on Wednesday, December 20, 2023. The reason why POWL down today is due to a transaction by a major shareholder, Thomas W. Powell. On December 18th, Thomas W. Powell sold 5,000 shares of Powell Industries stock at an average price of $90.92 per share, totaling $454,600. After this sale, Thomas W. Powell still holds 1,748,628 shares in the company, with an estimated value of approximately $158,985,257.76. This transaction was disclosed in a filing with the Securities & Exchange Commission (SEC) as required for large shareholders holding 10% or more of a company's shares.