Shares of POET Technologies Inc. (CVE:PTK – Get Free Report) rose 18.1% during trading on Tuesday . The company traded as high as C$8.43 and last traded at C$8.24. Approximately 322,979 shares were traded during trading, an increase of 128% from the average daily volume of 141,842 shares. The stock had previously closed at C$6.98.
Analyst Upgrades and Downgrades
Separately, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a research note on Monday, November 18th.
Check Out Our Latest Research Report on PTK
POET Technologies Stock Performance
Insider Buying and Selling at POET Technologies
In related news, Senior Officer Vivek Rajgarhia sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00. Also, Director James Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$6.95, for a total transaction of C$173,712.50. 0.82% of the stock is currently owned by insiders.
About POET Technologies
POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.
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