US Concrete major shareholder Sells $8,487,500 in Stock (USCR)
US Concrete (NASDAQ:USCR) major shareholder Whippoorwill Associates, Inc. sold 350,000 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $24.25, for a total value of $8,487,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
US Concrete (NASDAQ:USCR) traded up 2.34% on Monday, hitting $25.32. 77,349 shares of the company’s stock traded hands. US Concrete has a 1-year low of $13.56 and a 1-year high of $28.64. The stock’s 50-day moving average is $24. and its 200-day moving average is $23.58. The company’s market cap is $343.5 million.
US Concrete (NASDAQ:USCR) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $146.30 million for the quarter, compared to the consensus estimate of $125.40 million.
U.S. Concrete, Inc (NASDAQ:USCR) is a producer of ready-mixed concrete, precast concrete products and concrete-related products in select markets in the United States.
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