Insider Trading Alert - Finisar Corporation And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Friday, Sept. 27, 2013, 51 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $870.00 to $201,450,000.00.

Highlighted Stocks Traded by Insiders:

Finisar Corporation (FNSR) - FREE Research Report

Rawls Jerry S who is Exec Chairman of the Board at Finisar Corporation sold 706,172 shares at $22.86 on Sept. 27, 2013. Following this transaction, the Exec Chairman of the Board owned 454,054 shares meaning that the stake was reduced by 60.87% with the 706,172 share transaction.

The shares most recently traded at $22.84, down $0.02, or 0.07% since the insider transaction. Historical insider transactions for Finisar Corporation go as follows:

  • 4-Week # shares sold: 18,587
  • 12-Week # shares sold: 47,276
  • 24-Week # shares sold: 52,829

The average volume for Finisar Corporation has been 1.9 million shares per day over the past 30 days. Finisar Corporation has a market cap of $2.2 billion and is part of the technology sector and computer hardware industry. Shares are up 42.6% year to date as of the close of trading on Friday.

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. The company has a P/E ratio of 86.0. Currently there are 9 analysts that rate Finisar Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

Exclusive Offer: Get the latest Stock Analysis on FNSR - FREE

TheStreet Quant Ratings rates Finisar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Finisar Corporation Ratings Report from TheStreet Quant Ratings now.

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