A Major Shareholder at Universal Stainless & Alloy Products (NASDAQ: USAP) is Selling Shares

Today, a Major Shareholder at Universal Stainless & Alloy Products (NASDAQ: USAP), Pennant Capital Management, Llc, sold shares of USAP for $30.2k.

In addition to Pennant Capital Management, Llc, 4 other USAP executives reported Sell trades in the last month.

The company has a one year high of $32.45 and a one year low of $10.90. USAP’s market cap is $90.07M and the company has a P/E ratio of 32.2%. Currently, Universal Stainless & Alloy Products has an average volume of 7,037.

Looking at blogger coverage of USAP, there is a 66% Bullish tendency on the stock, in relation to a 71% average bullish tendency within the Materials sector.

In the last 30 days, insiders have sold $1.25M worth of USAP shares and purchased $62.9k worth of USAP shares.

Universal Stainless & Alloy Products, Inc. and its wholly owned subsidiaries, manufactures and markets semi-finished and finished specialty steel products. It offersstainless steel, nickel alloys, tool steel and certain other premium alloyed steels.