Photronics (NASDAQ:PLAB) Stock Price Down 7.6% After Insider Selling
Photronics (NASDAQ:PLAB) shares fell 7.6% after insider selling, with Director Mitchell G. Tyson selling 5,000 shares and Director Mary Paladino selling 11,250 shares. The stock traded as low as $32.64, down from a previous close of $34.86. Despite this, analysts have raised ratings and price targets, with a consensus target of $43.50. The company reported strong Q4 results and positive Q1 guidance, which may support investor confidence. However, the recent insider sales have raised concerns among investors.
Market Beat·