Insider Trends: Power Integrations Insider Extends 90-Day Selling Trend
06:13 PM EDT, 05/10/2021 (MT Newswires) -- Doug Bailey, VP Marketing, on May 06, 2021, sold 8,830 shares in Power Integrations (POWI) for $711,698. Subsequent to the Form 4 filing with the SEC, Bailey owns 111,865 shares of company stock, with a market value, based on the prior-day closing price, of $9.23 million.
During the most recent 90-day period, previous to the date of this filing, there have been 19 insider transactions reported to the SEC for Power Integrations. These transactions came from the activities of 9 individual insiders that resulted in a net disposition of 89,767 company shares. Relative to the preceding 90-day window of time, there were 40 transactions from 10 insiders and resulted in the net acquisition of 51,120 shares.
This level of insider transactions is less than the peer group average in the 82-company Semiconductors peer group over the last 90-day period. Peer group activity averaged 181.1 transactions per company, and disposition of 9,414 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/833640/000083364021000112/xslF345X03/edgardoc.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.