HEICO (NYSE:HEI-A) Trading Down 1.6% – Should You Sell?

HEICO Co. (NYSE:HEI-A) shares dropped 1.6% on Friday . The stock traded as low as $203.20 and last traded at $203.63. Approximately 130,778 shares were traded during mid-day trading, The stock had previously closed at $206.90.

HEICO Price Performance

The company’s 50-day simple moving average is $198.78 and its two-hundred day simple moving average is $181.99.

Insider Activity

In related news, Director Frank J. Schwitter acquired 475 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares in the company, valued at $436,409.80. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Eric A. Mendelson sold 20,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $186.09, for a total value of $3,721,800.00. Following the completion of the transaction, the insider now owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares in the company, valued at $436,409.80. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.