Insider Selling: Brazilian Electric Power (NYSE:AXIA) Director Sells 555,300 Shares of Stock
MarketBeat
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock in a transaction on Monday, June 1st. The shares were sold at an average price of $9.88, for a total value of $5,486,364.00. Following the completion of the transaction, the director owned 120,100 shares in the company, valued at $1,186,588. This represents a 82.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:AXIA