Appliance Recycling Cntrs of Amer (ARCI) Sees Strong Trading Volume
Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) shares saw unusually-high trading volume on Wednesday . Approximately 2,012,800 shares were traded during trading, an increase of 465% from the previous session’s volume of 355,980 shares.The stock last traded at $4.91 and had previously closed at $4.52.
In other news, major shareholder Isaac Capital Group, Llc sold 149,679 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $78.29, for a total value of $11,718,368.91. Following the transaction, the insider now owns 110,125 shares in the company, valued at approximately $8,621,686.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is owned by corporate insiders.
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Appliance Recycling Centers of America, Inc, together with its subsidiaries, engages in the recycle of household appliances in North America. The company operates in two segments, Recycling and Technology. It engages in collecting, recycling, and installing appliances for utilities and other customers.
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