POET Technologies Inc. (CVE:PTK – Get Free Report)’s share price dropped 9.2% during trading on Thursday . The stock traded as low as C$6.17 and last traded at C$6.20. Approximately 90,864 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 136,736 shares. The stock had previously closed at C$6.83.
Analysts Set New Price Targets
Separately, Northland Capmk raised POET Technologies to a “strong-buy” rating in a research report on Monday, November 18th.
View Our Latest Stock Report on PTK
POET Technologies Trading Down 2.1 %
Insider Buying and Selling
In related news, Director James Lee sold 25,000 shares of the stock in a transaction dated 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 corporate insiders.
POET Technologies Company Profile
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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