.png "Rexnord Corporation (NYSE: RXN)")
Today it was reported that the Group Ex., President-Zurn of Rexnord Corporation (RXN), Craig Wehr, exercised options to sell 7,500 RXN shares at $4.80 a share, for a total transaction value of $213.8K.
Following Craig Wehr’s last RXN Sell transaction on May 30, 2017, the stock climbed by 5.8%. In addition to Craig Wehr, one other RXN executive reported Sell trades in the last month.
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Based on Rexnord Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $525 million and GAAP net loss of $37.6 million. In comparison, last year the company earned revenue of $511 million and had a net profit of $29.8 million. Currently, Rexnord Corporation has an average volume of 602.1K.
In the last 30 days, insiders have sold $213.8K worth of RXN shares and purchased $111.4K worth of RXN shares. The insider sentiment on Rexnord Corporation has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Craig Wehr’s trades have generated a 3.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Rexnord Corp. is engaged in the manufacturing of engineered power transmission, aerospace and other precision motion technology products. It operates through two segments: Process & Motion Control platform and Water Management.
