Zhone Technologies (ZHNE) Sees Upside After Purchases By CEO and CFO
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Shares of Zhone Technologies Inc. (Nasdaq: ZHNE) are significantly higher this morning after disclosures after the close that CEO, Morteza Ejabat and CFO Kirk Misaka have been buying shares recently. The purchases come as the stock nears the $1 Nasdaq minimum bid requirement.
Zhone designs and manufactures network equipment for network operators worldwide.
Shares of Zhone Technologies are 15.6% higher to $1.26 in early action Friday.
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