CIO Sells $365K in UCTT Stock Amidst Broader Insider Distribution
Summary
Ultra Clean Holdings' Chief Information Officer, Jeffrey L. McKibben, sold $365,835 worth of company stock in an open market transaction, aligning with a recent trend of insider distribution.
Key Events
-
Officer Sells Shares
Jeffrey L. McKibben, Chief Information Officer, disposed of 4,205 shares of common stock in an open market sale.
-
Transaction Value
The sale was valued at $365,835.00, with an average price of $87.00 per share.
-
Post-Transaction Holdings
Following this transaction, Mr. McKibben directly holds 11,349 shares of Ultra Clean Holdings common stock.
-
Part of Broader Insider Selling
This sale contributes to a net distribution trend among insiders, with over $5.4 million in net sales by 6 active insiders in the last 90 days.
Analysis
Jeffrey L. McKibben, the Chief Information Officer, sold a notable amount of company stock in an open market transaction. While this individual sale is a small percentage of the company's overall market capitalization, it contributes to a broader trend of net insider selling at Ultra Clean Holdings, which has seen over $5.4 million in net sales by multiple insiders in the last 90 days.
At the time of this filing, UCTT was trading at $79.79 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $18.93 to $88.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.