Powell Industries, Inc. (POWL)

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Why is Powell Industries, Inc. (POWL) Stock down?

We've noticed a 5.55% decline in Powell Industries, Inc. (POWL) stock during the 2024-05-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

20 Dec, 2023:

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.