Ubiquiti Networks (UBNT) Investors Hit Exits Following $2.5M Sale by Tech Chief Sanford
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Ubiquiti Networks (Nasdaq: UBNT) shares are volatile following disclosure of a recent insider sale. The stock is 10 percent lower Friday.
Late on Thursday, a Form 4 was filed with the U.S. SEC showing that CTO John Sanford sold 100,000 on May 8th. Sales amounted to about $2.46 million, based on weighted pricing.
Implied volatility for Ubiquiti is up 32 percent with a short-sale rule in effect.
Late on Thursday, a Form 4 was filed with the U.S. SEC showing that CTO John Sanford sold 100,000 on May 8th. Sales amounted to about $2.46 million, based on weighted pricing.
Implied volatility for Ubiquiti is up 32 percent with a short-sale rule in effect.
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