Although insiders have been selling shares, 3 of them in the last week, none have purchased any since at least April, SeekingAlpha reported.
During that time shares have gained nearly 40% from an opening price of $72.78 on April 2 to yesterday’s close at $101.08.
Insider trades in the last week include by chief financial officer Thomas Abate, who sold 20,000 share on August 24; Japan & Asia Pacific corporate vice president Huimin Wang, who sold 15,000 shares on August 28; and director John Cardis, who sold 7,000 shares on August 27, according to SeekingAlpha.
That respectively amounts to at least $2 million, $694,000 and $1.5 million in value for each sales, based on the lowest Wall Street trading value for those days.
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