Intel stock spikes after report of possible US government stake
Raymond (NSE:RYMD) E. Cabillot, a director of Pro Dex Inc. (NASDAQ:PDEX), reported the sale of 12,806 shares of the company’s common stock in transactions that took place on March 10 and March 11. The sale comes as the stock has shown remarkable strength, gaining 39% in the past week and 175% over the last year. According to InvestingPro analysis, the stock is currently trading near overbought levels. The shares were sold at prices ranging from $45.00 to $45.06, totaling $576,577. These transactions were executed under a Rule 10b5-1 trading plan adopted on September 20, 2024. Following these sales, Cabillot, through Farnam Street Partners L.P., holds 305,846 shares indirectly. The company, currently valued at $154 million, has been actively buying back shares, with InvestingPro data showing 13 additional key insights available for subscribers tracking insider activity and company performance.
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