President & CFO Sells $1.8M in Company Stock
PLAB has more than doubled off its 52-week low of $16.59.
Summary
Eric Rivera, President and CFO of Photronics Inc., sold 41,517 shares of common stock for a total of $1.83 million in open market transactions.
Key Events · Ownership and Investor Activity · PLAB
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Key Executive Sells Shares
Eric Rivera, serving as both President and CFO, disposed of 41,517 shares of common stock.
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Significant Open Market Sale
The transactions, executed on April 9, 2026, totaled $1,826,748 at a price of $44.00 per share.
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Part of Broader Insider Distribution
This sale contributes to a net insider selling trend of over $7 million in the past 90 days, occurring while the stock trades near its 52-week high.
Analysis · PLAB · Manufacturing
This significant open market sale by Eric Rivera, who holds both President and CFO roles, could be interpreted as a negative signal regarding his outlook on the company's near-term prospects. The transaction occurs while the stock is trading near its 52-week high, and it contributes to a broader pattern of insider distribution observed over the last 90 days, totaling over $7 million in net sales.
At the time of this filing, PLAB was trading at $46.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $16.59 to $45.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.