Drew Industries Experiences Onslaught of Insider Trading

Disclosed to the Securities and Exchange Commission on Dec. 1. 2015, Drew Industries, Inc.’s Chief Operations Officer Todd W. Driver sold 5,040 shares of Drew (NYSE:DW) on Nov. 27, 2015, according to americantradejournal. The shares were sold at $60.24 per share for a net transaction of $303,609.59.

As MHProNews reported Wed., Dec. 2, 2015, insider trading has been near rampant at Drew, with Chairman Emeritus Leigh J. Abrams, CEO Jason Lippert, President Scott Mereness and director David Reed all involved within the past three weeks.

Currently company insiders own 3.6 percent of Drew and institutional investors own 94.32 percent. Drew closed down -1.78 percent at $59.65 on Dec. 3, 2015.

Drew is a component supplier to the manufactured home and recreational vehicle industries. ##

(Photo credit:neurolog-kielce–Electronic stock exchange board)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.