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Insider Trends: Fabrinet Insider Disposition Interrupting 90-Day Buy Trend

· 02/05/2021 13:00

06:00 PM EST, 02/05/2021 (MT Newswires) -- Edward T Archer, EVP, Sales & Marketing, sold 2,260 shares of Fabrinet (FN) on Feb 04, 2021, for $196,274. Archer, subsequent to the transactions detailed in the SEC Form 4 filing, has 26,211 company shares, with a market value, based on the prior-day closing price, of $2.29 million.

During the most recent 90-day period, previous to the date of this filing, there have been 8 insider transactions reported to the SEC for Fabrinet. These transactions came from the activities of 8 individual insiders that resulted in a net acquisition of 8,830 company shares. This compares with the preceding 90-day window of time where there were 23 transactions from 6 insiders which resulted in the net disposition of 25,588 shares.

This level of insider transactions is below that of the peer group average in the 8-company Electronic Repair Services peer group over the last 90-day period. Activity in the peer group averaged 84.3 transactions per company, with company insiders acquiring on average 349,213 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1408710/000120919121008237/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.