{
  "id": 18765468,
  "title": "Kirby CEO David Grzebinski sells $2.59 million in stock",
  "url": "https://urgent.news/2026/11/07/kirby-ceo-david-grzebinski-sells-2-59-million-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T18:01:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/kirby-ceo-david-grzebinski-sells-259-million-in-stock-93CH-5009986"
  },
  "original_language": "en",
  "account": "On November 2, 2026, Kirby Corporation's CEO, David Grzebinski, sold 18,310 shares of the company's common stock, amounting to roughly $2.59 million. The shares were exchanged at prices between $140.12 and $143.05 each. Following the sales, Mr. Grzebinski directly owns 79,931 shares of Kirby Corp common stock. This sale is significant given that the stock currently trades at $121, representing a decline of nearly 16% over the past week. Despite this short-term dip, the company's valuation remains appealing, with a price-to-earnings ratio of 17.44 and a price-to-earnings-growth ratio of 0.58, suggesting the stock is undervalued. The stock was also listed on InvestingPro's Most Undervalued list. Kirby Corporation's recent quarter surpassed expectations, posting adjusted earnings of $2.09 per share and revenue of $977.2 million, exceeding analysts' projections. This performance can be attributed to higher prices in marine transportation and increased demand for power-generation equipment. The company's positive financial results were further highlighted when Stephens raised its price target for Kirby shares from $170 to $175, maintaining an Overweight rating, citing improving pricing trends supported by macroeconomic factors into 2027.",
  "summary": null,
  "key_points": [
    "CEO David Grzebinski sold $2.59M in Kirby stock on Nov 2, 2026",
    "Sold 18,310 shares at $140.12-$143.05 each",
    "Stock down 16% week-over-week despite strong quarterly results"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}