As financialmagazin reports, Drew Industries, Inc. (NYSE:DW) director David Reed sold 10,300 shares of company stock at an estimated $60.9 per share, yielding $627,270. Furthermore, within the last 30 days he sold an additional 1,200 shares valued at $73,368.

Currently, Reed now owns 34,130 shares of Drew stock, approximating 0.14 percent of the company’s market capitalization of $1.46 billion. Drew has risen 5.91 percent since April 29, 2015, outperforming the S&P 500 by 6.11 percent. In trading today, Dec. 2, 2015, Drew fell -1.70 percent to close at $60.73.

As MHProNews reported Nov. 30, 2015, Drew CEO Jason Lippert sold 2,800 shares of company stock; and Scott Mereness sold 3,700 shares of Drew. MHProNews reported Nov. 16, 2015 that Chairman Emeritus Leigh Abrams unloaded 6,000 shares of stock.

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

(Image credit: Drew Industries, Inc.)

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