Applied Optoelectronics shares are trading higher. A Form4 filing showed President and CEO Lin Chih-Hsiang bought 20,000 shares at an average price of $12.38 per share.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics' President and CEO, Lin Chih-Hsiang, has purchased 20,000 shares of the company at an average price of $12.38 per share, according to a Form4 filing. This has led to an increase in the company's share price.
August 21, 2023 | 3:46 pm
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The CEO's purchase of 20,000 shares has led to an increase in Applied Optoelectronics' stock price.
Insider trading, especially by high-ranking officials like the CEO, often signals confidence in the company's future prospects. This can lead to increased investor confidence, resulting in a rise in the stock price.
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