William M. Gottwald, a 10% owner of Tredegar Corp (NASDAQ:TG), sold $97,096 worth of common stock in mid-May.
The sales occurred on May 14 and May 15, with prices ranging from $8.008 to $8.344 per share. The stock has since fallen sharply to $7.62, down nearly 15% over the past week.
On May 14, Gottwald sold 4,550 shares at a weighted average price of $8.344. On May 15, he sold another 7,384 shares at $8.008. All shares were held indirectly as co-trustee of the Residual 10-Year CLAT UA FDGJR Living Trust.
After the sales, Gottwald's indirect holdings include 482,468 shares in the trust, plus 6,197 shares owned by his wife, 847,470 shares as co-trustee for his family, and 211,260 shares in his revocable trust.
Despite recent weakness, Bond.az analysis suggests the stock is undervalued, with a "GOOD" financial health rating.
In other news, Tredegar held its Annual Meeting. Bonnell Aluminum, a subsidiary, named Tracy Bridges as Vice President of Sales and Marketing, succeeding Eric Yost.
