GATX Corp
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Industrials : Trading Companies & Distributors | Small Cap Blend
Company profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through three business segments: Rail North America, Rail International and Portfolio Management. It approximately owns a fleet of 147,000 railcars. It offers customers leasing, maintenance, asset, financial, and management expertise. It leases tank cars, freight cars, and locomotives in North America, tank cars and freight cars in Europe and freight cars in India and Russia. The Company's rail customers primarily operate in the petroleum, chemical, food/agriculture and transportation industries. Its railcar fleet consists of diverse railcar types that its customers use to ship more than 600 different commodities.

Price
Delayed
$91.85
Day's Change
-0.41 (-0.44%)
Bid
--
Ask
--
B/A Size
--
Day's High
91.85
Day's Low
91.73
Volume
(Light)

Today's volume of 1,705 shares is on pace to be much lighter than GATX's 10-day average volume of 163,752 shares.

1,705

Elon's brother Kimbal Musk pockets more than $7 million from Tesla stock trades

2:36 pm ET April 6, 2021 (MarketWatch)
Print

Tomi Kilgore

Musk sold Tesla shares at prices $600 higher than where he acquired them through the exercising of stock options

Kimbal Musk, Elon's younger brother, made more than $7 million trading Tesla Inc.'s stock, as he acquired shares through options and sold them the same day at an average price that was $600 higher than what he paid for them.

In a Form 4 filing with the Securities and Exchange Commission (https://www.sec.gov/Archives/edgar/data/0001494731/000149473121000002/xslF345X03/edgardoc.xml) late Monday, Tesla disclosed that Kimbal, who is on the electric vehicle maker's board of directors (https://ir.teslamotors.com/board-directors/kimbal-musk), exercised options to buy 12,000 common shares on April 1 at a price of $74.17 per share, for $890,040.00. Elon has been Tesla's chief executive (https://ir.teslamotors.com/board-directors/elon-musk) since October 2008.

On the same day, Tesla said Kimbal sold 12,000 shares in the open market at a weighted average price of $675.856, according to a MarketWatch calculation of the Form 4 data, to raise $8,110,149.46.

Net, Kimbal pocketed $7,220,109.46.

The company said the stock sales were part of a Rule 10b5-1 trading plan adopted by Kimbal back on May 19, 2020.

The stock (TSLA) inched up 0.1% on Tuesday to $691.41 in recent afternoon trading, after running up 4.4% on Monday. Year to date, the stock has slipped 2.0% while the S&P 500 index has gained 8.6%.

Kimbal's on April 1 stock sales were made through a series of trades, at prices ranging from $660.113 to $691.35. On that day, the stock rallied as much as 3.7% to an intraday high of $692.42 soon after the open, before reversing course to fall as much as 1.3% to an intraday low of $659.42, before settling to close down 0.9% at $661.75.

Kimbal has been pretty good at picking near-term tops in Tesla's stock in recent months. The last time he sold shares was on Feb. 9, at a weighted average price of $852.117. The stock closed that day at $849.46, and has closed below that level ever since.

Don't miss: Elon Musk's brother Kimbal just sold some Tesla stock. Is he calling a top? (https://www.marketwatch.com/story/elon-musks-brother-kimbal-just-sold-some-tesla-stock-did-he-just-call-a-top-11613069083)

Before that, Kimbal sold shares on Sept. 1 (https://www.marketwatch.com/story/elon-musks-brother-kimbal-made-more-than-8-million-selling-tesla-stock-2-days-before-he-bought-them-2020-09-04), and that marked the high for the stock for about 2 1/2 months.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 06, 2021 14:36 ET (18:36 GMT)

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