Monday, 20 May 2024


Metallus Inc. CEO sells $136k in company stock By

Amended & Restated Technical Report to Support Kharmagtai Preliminary Economic Assessment By

In a recent transaction, Michael S. Williams, the President and CEO of Metallus Inc. (NYSE:MTUS), a company known for its steel works and rolling mills, sold a significant number of shares in the company. On May 15, 2024, Williams sold 5,919 shares of Metallus Inc. at an average price of $23.02 per share, totaling approximately $136,248.

The shares were sold at varying prices ranging from $23.00 to $23.08, according to the weighted average sale price reported. This sale was part of a pre-arranged trading plan that Williams adopted on August 29, 2023, which is intended to comply with the affirmative defense conditions of Exchange Act Rule 10b5-1(c).

Following the sale, Williams still owns a substantial number of shares in Metallus Inc., with his holdings totaling 681,487 shares. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.

Investors often monitor insider sales as they can provide insights into an executive’s perspective on the company’s current valuation and future prospects. However, it is important to note that insider trading activities can be subject to various motivations and do not always necessarily indicate a negative outlook on the company.

For those interested in following the trading activities of Metallus Inc.’s insiders, the public documents are available on the SEC’s website, providing detailed information about such transactions.

InvestingPro Insights

Metallus Inc. (NYSE:MTUS) has demonstrated a solid financial posture in the recent period, which may offer context to the insider trading activity. According to InvestingPro data, the company holds a market capitalization of approximately $1.01 billion, with a P/E ratio of 12.66, reflecting a reasonable valuation compared to its earnings. In the last twelve months as of Q1 2024, Metallus Inc. has reported revenue growth of 4.54%, indicating a steady upward trajectory in its business operations.

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InvestingPro Tips suggest that Metallus Inc. has a perfect Piotroski Score of 9, signifying strong financial health, and management has been actively buying back shares, which often signals confidence in the company’s future performance. Furthermore, the company’s balance sheet is robust, with more cash than debt, and its stock has experienced a significant return over the last week with a price total return of 12.78%. With the stock trading near its…

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