A Director at Oclaro is Exercising Options
Today it was reported that a Director at Oclaro (NASDAQ: OCLR), Edward Collins, exercised options to buy 8,000 OCLR shares at $3.65 a share, for a total transaction value of $29.2K. The options were close to expired and Edward Collins retained stocks.
Following Edward Collins’ last OCLR Buy transaction on September 02, 2015, the stock climbed by 5.8%. Following this transaction Edward Collins’ holding in the company was increased by 4.96% to a total of $1.43 million.
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OCLR’s market cap is $1.44B and the company has a P/E ratio of 22.86. Currently, Oclaro has an average volume of 1.79M.
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Oclaro, Inc. engages in the design, manufacturing and marketing of optical components and modules for the long-haul, metro and data center markets. It also provides solutions for optical networks and high-speed interconnects for streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.