PC-Tel CEO Unloads $24,174 in Stock (PCTI)
PC-Tel (NASDAQ:PCTI) CEO Martin H. Singer sold 2,844 shares of PC-Tel stock on the open market in a transaction dated Friday, February 21st. The stock was sold at an average price of $8.50, for a total transaction of $24,174.00. Following the completion of the transaction, the chief executive officer now directly owns 39,220 shares of the company’s stock, valued at approximately $333,370. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
PC-Tel (NASDAQ:PCTI) traded down 1.06% during mid-day trading on Friday, hitting $8.40. The stock had a trading volume of 34,771 shares. PC-Tel has a 52 week low of $5.96 and a 52 week high of $10.12. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $9.0. The company’s market cap is $150.7 million.
Separately, analysts at TheStreet downgraded shares of PC-Tel from a “buy” rating to a “hold” rating in a research note on Friday, February 7th.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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