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Insider Trends: 90-Day Insider Selling Trend Prolonged at IGP Photonics

05/11/2021 12:26

04:16 PM EDT, 05/11/2021 (MT Newswires) -- LP Fibre Devices Ltd, 10% Owner, sold 9,943 shares of IGP Photonics (IPGP) on May 07, 2021, for $1,989,097. Subsequent to the Form 4 filing with the SEC, LP Fibre Devices has 6,979,061 shares of company stock, which have a market value of $1,309 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 19 insider transactions reported to the SEC for IGP Photonics. These transactions came from the activities of 9 separate insiders that resulted in a net disposition of 37,237 company shares. This compares with the preceding 90-day window of time where there were 16 transactions from 9 insiders that resulted in the net disposition of 143,781 shares.

This level of insider transactions is less than the peer group average in the 22-company Electrical Components peer group over the last 90-day period. Peer group activity averaged 101.8 transactions per company, with company insiders acquiring on average 69,111 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1111928/000111192821000103/xslF345X03/wf-form4_162076396846085.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.