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1 month ago
A significant insider buy by Frederick N Mudge, Vice President at Powell Industries (NASDAQ:POWL), was executed on October 2, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Mudge increased their investment in Powell Industries by purchasing 500 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $91,070.
Powell Industries's shares are actively trading at $237.84, experiencing a up of 2.69% during Thursday's morning session.
Delving into Powell Industries's Background
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
A Deep Dive into Powell Industries's Financials
Revenue Growth: Powell Industries's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue ...
