The Vice Pres.-General Counsel of Rexnord is Exercising Options

By Carrie Williams

Today it was reported that the Vice Pres.-General Counsel of Rexnord (RXNResearch Report), Patricia Whaley, exercised options to sell 35,000 RXN shares at $22.03 a share, for a total transaction value of $1.1M.

Following Patricia Whaley’s last RXN Sell transaction on June 05, 2019, the stock climbed by 2.6%. In addition to Patricia Whaley, one other RXN executive reported Sell trades in the last month.

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The company has a one-year high of $31.88 and a one-year low of $21.38. Currently, Rexnord has an average volume of 742.64K. RXN’s market cap is $3.8B and the company has a P/E ratio of 22.94.

The insider sentiment on Rexnord has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments.