ADTRAN’s CEO and board chair bought 150,000 shares for about $599,000, a personal show of confidence. The purchase does not prove sales or profits will improve, but the report gives no company setback to counter that signal.
A purchase by the person leading and chairing the board is a personal show of confidence. It does not prove the company’s sales or profits are improving, but the report gives no setback to counter that signal.
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