Mohawk Industries shares drop after SEC insider selling disclosure
MHK fell about 6% in the afternoon session after SEC filings showed substantial insider share sales by CEO Jeffrey Lorberbaum and his family ahead of his planned retirement on September 30, according to TipRanks.
Shares of flooring manufacturer Mohawk Industries NYSE:MHK fell 6% in the afternoon session after SEC filings showed substantial insider share sales by CEO Jeffrey Lorberbaum and his family ahead of his planned retirement on September 30, according to TipRanks. Lorberbaum is scheduled to step down on that date after 30 years with the company.