Amphenol Officer Richard Norwitt Upsizes Planned Stock Sale to $80.8M from Earlier $30.2M Notice
APH sits 56% above its 52-week low of $102.76.
Summary
Amphenol officer Richard Norwitt plans to sell 500,000 shares (~$80.8M), up from a $30.2M notice earlier today, adding to $18.7M in recent sales.
Key Events · Ownership and Investor Activity · APH
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Upsized Insider Sale
Officer Richard Norwitt plans to sell 500,000 shares (~$80.8M), a substantial increase from the $30.2M sale noticed earlier today.
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Recent Selling History
Norwitt sold 130,775 shares for $18.7M over the past three months, indicating a pattern of insider selling.
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Strong Earnings Backdrop
The planned sale comes just two days after Amphenol reported record Q2 sales of $8.76B and raised Q3 guidance above consensus.
Analysis · APH · Manufacturing
Amphenol officer Richard Norwitt filed a Form 144 to sell 500,000 shares worth approximately $80.8 million, a significant increase from the $30.2 million sale noticed earlier today. This follows $18.7 million in sales over the past three months. While the company just reported record Q2 results and raised guidance, the upsized sale by a senior insider warrants attention.
At the time of this filing, APH was trading at $160.64 on NYSE in the Manufacturing sector, with a market capitalization of approximately $197.7B. The 52-week trading range was $102.76 to $178.52. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.