Adeia stock falls on insider share sale by chief legal officer
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Adeia Inc (NASDAQ: ADEA) shares fell 6.6% in premarket trading after Chief Legal Officer Kevin Tanji sold 99,342 shares at an average price of $31.75. The sale, which occurred on May 13, has raised concerns about the company's near-term prospects, although no specific reason was provided for the transaction. Tanji still holds 312,913 shares.
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