Emcore (EMKR) Insider Buy Stock As Shares Falter
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On Friday, while the market was closed, Emcore Corp (NASDAQ: EMKR) Director, Thomas Russell, disclosed a purchase of 190,800 shares on 3/19 at $5.99, bringing his stake to 5,214,591 shares.
In addition, Emcor CEO, Ruben Richards, disclosed a purchase of 10,000 shares on 3/19 at $6.60, bringing his stake to 689,554 shares.
Last week, Emcor issued a statement after a statement on a blog caused a 23% sell-off in the stock. Emcor called the posting "materially inaccurate and seriously misleading." The negative posting was at Citron Reseach. Citron claims Emcore's solar business is built on a foundation of illusions. [LJ]
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Emcor insider buying selling
mkphillips on Apr 8, 2008 12:27 PMAlthough there's some insider buying at Emcor (EMKR), there 's not enough to signal a bullish indicator for the stock according to http://www.poweroptionsapplied.com/insider.asp.