A Director at Alexander & Baldwin (NYSE: ALEX) is Selling Shares

By Carrie Williams

Today, a Director at Alexander & Baldwin (NYSE: ALEX), Allen Doane, sold shares of ALEX for $1.3M.

Following Allen Doane’s last ALEX Sell transaction on April 28, 2016, the stock climbed by 5.5%. In addition to Allen Doane, 4 other ALEX executives reported Sell trades in the last month.

The company has a one year high of $43.98 and a one year low of $28.82. Currently, Alexander & Baldwin has an average volume of 177.3K.

The insider sentiment on Alexander & Baldwin has been positive according to 57 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Alexander & Baldwin, Inc. is a Hawaii-focused land company with interests in real estate development, real estate leasing and agribusiness. It operates through four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. The Real Estate Development and Sales segment engages in the real estate development and ownership activities, including planning, zoning, financing, constructing, purchasing, managing, leasing, selling, exchanging, and investing in real property. The Real Estate Leasing segment owns, operates and manages retail, industrial and office properties. The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor; imports and sells liquid asphalt; mines, processes and sells basalt aggregate; produces and sells asphaltic concrete; provides and sells various construction- and traffic-control-related products and manufactures and sells precast concrete products. The Agribusiness segment produces bulk raw sugar, specialty food grade sugars and molasses; produces and sells specialty food-grade sugars; provides general trucking services, mobile equipment maintenance and repair services; leases agricultural land to third parties; and generates and sells electricity to the extent not used in segment operations. The company was founded by Samuel Thomas Alexander and Henry Perrine Baldwin in 1870 and is headquartered in Honolulu, HI.