POET Technologies Inc. (CVE:PTK – Get Free Report) shot up 18.1% during trading on Tuesday . The stock traded as high as C$8.43 and last traded at C$8.24. 322,979 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 141,842 shares. The stock had previously closed at C$6.98.
Wall Street Analysts Forecast Growth
Separately, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a research report on Monday, November 18th.
Read Our Latest Stock Report on POET Technologies
POET Technologies Trading Up 18.1 %
Insider Buying and Selling
In other POET Technologies news, Director James Lee sold 25,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$6.95, for a total value of C$173,712.50. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$7.24, for a total value of C$36,219.00. 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.
Recommended Stories
- Five stocks we like better than POET Technologies
- EV Stocks and How to Profit from Them
- 5 Reasons DraftKings Stock Looks Promising in the New Year
- Conference Calls and Individual Investors
- Cybersecurity Stocks: 1 Immediate Buy and 1 Dip Opportunity
- What Do S&P 500 Stocks Tell Investors About the Market?
- The Next 2 AI Winners Have Triple-Digit Upside Potential
Receive News & Ratings for POET Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POET Technologies and related companies with MarketBeat.com's FREE daily email newsletter.