The SVP, CFO of Schnitzer Steel Industries (NASDAQ: SCHN) is Selling Shares

Today, the SVP, CFO of Schnitzer Steel Industries (SCHNResearch Report), Richard Peach, sold shares of SCHN for $493K.

In addition to Richard Peach, 4 other SCHN executives reported Sell trades in the last month. Following Richard Peach’s last SCHN Sell transaction on October 30, 2018, the stock climbed by 1.1%.

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Based on Schnitzer Steel Industries’ latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $670 million and quarterly net profit of $59.67 million. In comparison, last year the company earned revenue of $494 million and had a net profit of $18.24 million. SCHN’s market cap is $750.9M and the company has a P/E ratio of 5.11. Currently, Schnitzer Steel Industries has an average volume of 327K.

The insider sentiment on Schnitzer Steel Industries has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Richard Peach’s trades have generated a -3.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Schnitzer Steel Industries, Inc. engages in the business of recycling of ferrous and nonferrous scrap metal, used and salvaged vehicles, and manufacturer of finished steel products. It operates through the following business segments: Auto & Metals Recycling and Steel Manufacturing.

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