Clean Harbors Executive Chair & CTO Sells $29.2M in Stock
CLH sits 62% above its 52-week low of $178.29 on light trading volume (0.2× avg).
Summary
Alan S. McKim, Executive Chair and CTO of Clean Harbors, sold 100,000 shares of common stock for approximately $29.2 million in an open market transaction.
Key Events · Ownership and Investor Activity · CLH
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Executive Sells Substantial Stock
Alan S. McKim, Executive Chair and CTO, disposed of 100,000 shares of Clean Harbors common stock in an open market sale.
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Significant Transaction Value
The sale generated approximately $29.2 million, representing a material insider transaction.
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Continues Insider Selling Trend
This transaction contributes to a pattern of insider distribution, with net insider selling of over $30 million in the last 90 days.
Analysis · CLH · Energy & Transportation
This significant open market sale by Alan S. McKim, a top executive and director, signals a notable reduction in his direct holdings. The transaction value of over $29 million is substantial, representing a material insider disposition. This sale occurs while the stock is trading near its 52-week high, which could be interpreted as the insider taking profits. It also continues a recent pattern of insider distribution within the company, as indicated by the net insider selling over the last 90 days. Investors should note the ongoing insider selling trend from key personnel.
At the time of this filing, CLH was trading at $288.88 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $178.29 to $298.12. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.