COO Chhibbar Gaurav buys 400 FRD shares at $16.94; stock down -24.8% from 52-week high and -9.5% in 30 days.
Chief Operating Officer Gaurav Chhibbar purchased 400 shares of Friedman Industries at $16.94 on 2026-03-18, bringing his holdings to 51,400 shares. The transaction occurred as the stock trades at $17.08, down 24.8% from its 52-week high of $22.70 and has declined 9.5% over the past 30 days and 20.2% over 90 days. The company's fundamentals show annual revenue growth of -13.9%, with quarterly revenue of $167,974,000.00 and net income of $3,043,000.00, while the stock trades at a P/E of 7.76 on a market cap of $121,476,068.56. The insider's prior activity at this ticker includes a buy on 2026-02-19, with outcomes not yet measurable, and his cross-ticker track record shows just 1 prior buy overall. This small incremental addition to existing holdings during a period of significant price weakness warrants monitoring of whether the company's revenue trajectory stabilizes.