
Cunha Gustavo Werneck Da Sells 432,854 Shares of Gerdau (NYSE:GGB) Stock

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Gerdau S.A. CEO Cunha Gustavo Werneck Da sold 432,854 shares of the company's stock at an average price of $4.87, totaling approximately $2.1 million, marking a 50% decrease in his ownership. The sale was disclosed in a SEC filing. Gerdau's stock opened at $4.80, with a market cap of $9.59 billion. The company recently reported quarterly earnings of $0.10 per share, missing estimates, and announced an increased quarterly dividend of $0.0361 per share. Analysts have mixed ratings on Gerdau, with price targets ranging from $4.60 to $5.50.
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