McCormick Sells AWK Shares Amid Downtrend

American Water Works Company Inc (NYSE:AWK) stock price has dropped by 1.2% after Representative Richard McCormick, a Republican from Georgia, recently sold shares of the company.

McCormick disclosed in a filing that he had sold between $1,001 and $15,000 worth of American Water Works stock on July 30th through his 'GROWTH PARTNERS ROTH IRA' account.

The sale is part of a larger trend where McCormick has been selling shares of various companies, including Medtronic (NYSE:MDT), NextEra Energy (NYSE:NEE), PepsiCo (NASDAQ:PEP), and McDonald's (NYSE:MCD).