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. Yesterday, May 29, 2014, 124 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $783.36 to $53,794,125.00. Highlighted Stocks Traded by Insiders: Alliance Fiber Optic Products (AFOP) - FREE Research Report Chang Peter C, who is Chairman, President and CEO at Alliance Fiber Optic Products, sold 203,332 shares at $21.06 on May 29, 2014. Following this transaction, the Chairman, President and CEO owned 1.5 million shares meaning that the stake was reduced by 12.12% with the 203,332-share transaction. The shares most recently traded at $21.70, up $0.64, or 2.94% since the insider transaction. Historical insider transactions for Alliance Fiber Optic Products go as follows:
4-Week # shares sold: 201,350
12-Week # shares sold: 474,444
24-Week # shares sold: 486,444
The average volume for Alliance Fiber Optic Products has been 744,700 shares per day over the past 30 days. Alliance Fiber Optic Products has a market cap of $400.3 million and is part of the technology sector and electronics industry. Shares are up 48.24% year-to-date as of the close of trading on Thursday. Alliance Fiber Optic Products, Inc. designs, manufactures, and markets various fiber optic components and integrated modules for communications equipment manufacturers and service providers in North America, Europe, and Asia. The stock currently has a dividend yield of 0.69%. The company has a P/E ratio of 18.4. Currently, there are 2 analysts who rate Alliance Fiber Optic Products a buy, no analysts rate it a sell, and none rate it a hold. Exclusive Offer: Get the latest Stock Analysis on AFOP - FREETheStreet Quant Ratings rates Alliance Fiber Optic Products as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Alliance Fiber Optic Products Ratings Report from TheStreet Quant Ratings now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.