Insider Selling: Richard Gilbert Sells 25,000 Shares of Westell Technologies Stock (WSTL)
Westell Technologies (NASDAQ:WSTL) CEO Richard Gilbert unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $3.22, for a total transaction of $80,500.00. Following the transaction, the chief executive officer now directly owns 273,000 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Westell Technologies (NASDAQ:WSTL) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 1st.
Shares of Westell Technologies (NASDAQ:WSTL) traded up 1.54% during mid-day trading on Friday, hitting $3.29. The stock had a trading volume of 160,318 shares. Westell Technologies has a 52 week low of $1.73 and a 52 week high of $3.30. The stock has a 50-day moving average of $2.95 and a 200-day moving average of $2.35. The company’s market cap is $192.9 million.
Westell Technologies, Inc is a holding company. The company operates in two segments: Westell and Customer Networking Solutions (NASDAQ:WSTL).
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