The Sr. VP Global Supply Chain of Richardson Electronics is Exercising Options


Today it was reported that the Sr. VP Global Supply Chain of Richardson Electronics (NASDAQ: RELL), Kathleen Mcnally, exercised options to sell 2,774 RELL shares at $5.98 a share, for a total transaction value of $25.52K.

Over the last month, Kathleen Mcnally has reported another 3 Sell trades on RELL for a total of $138.1K. In addition to Kathleen Mcnally, one other RELL executive reported Sell trades in the last month.

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Based on Richardson Electronics’ latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $45.49 million and quarterly net profit of $1.74 million. In comparison, last year the company earned revenue of $37.36 million and had a GAAP net loss of $125K. RELL’s market cap is $117.1M and the company has a P/E ratio of 30.79. Currently, Richardson Electronics has an average volume of 7,216.

The insider sentiment on Richardson Electronics has been negative according to 11 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys, and Healthcare.

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