Source: Investing Published 08/14/2024, 03:14
Sanmina Corp. (NASDAQ) announced a major deal led by its chairman and CEO, Sola Gori. The latest filings reveal that Gori sold a significant number of shares, totaling over $10 million. These sales occurred over several days, with share prices ranging from $69.00 to $69.67.
On August 9, Gori sold 82,328 shares at an average price of approximately $69.67. Then, on August 13, he sold another 71,749 shares at prices between $69.00 and $69.31. Overall, these sales amounted to around $10,688,590.
Additionally, Jure acquired shares by exercising options. These transactions, marked as “M” for acquisitions, happened at $24.65 per share. On August 9, Jure acquired 120,756 shares, one more on August 12, and 71,749 additional shares on August 13. The total value of these acquired shares was $4,745,272.
The SEC filing also corrected a previous reporting error regarding Jure’s shares. The updated number of shares owned directly is 1,160,166, not 1,278,984 as earlier reported.
These transactions reflect typical financial activities of corporate executives, who often exercise stock options and sell stocks for personal financial planning. Investors watch these activities to gauge executives’ views on their companies’ future performance.
Sanmina Corp., a leading manufacturer of printed circuit boards, continues under Gori’s leadership. Investors can track the company’s stock transactions under NASDAQ
