PC-Tel CEO Martin H. Singer Sells 6,700 Shares (PCTI)
PC-Tel (NASDAQ:PCTI) CEO Martin H. Singer sold 6,700 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $8.52, for a total transaction of $57,084.00. Following the completion of the sale, the chief executive officer now directly owns 39,220 shares of the company’s stock, valued at approximately $334,154. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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.
PC-Tel (NASDAQ:PCTI) traded up 3.49% during mid-day trading on Wednesday, hitting $8.61. The stock had a trading volume of 31,096 shares. PC-Tel has a 52 week low of $5.96 and a 52 week high of $10.12. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $9.00. The company’s market cap is $154.5 million.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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