Why Uni-Pixel Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Uni-Pixel (NASDAQ: UNXL  ) have popped today by as much as 13% after an insider purchase was disclosed.

So what: CEO Reed Killion picked up an additional 3,400 shares this morning at a price of $14.90, bringing his total direct holdings to over 102,000 shares. That amounts to an additional investment of approximately $51,000 as Killion expresses confidence in Uni-Pixel's prospects.

Now what: The company has been working with Eastman Kodak to commercialize its UniBoss sensor film. Investor optimism propelled shares as high as $41.42 in April, only to see a brutal 26% sell-off on rumors that Apple could become a direct competitor after a patent application was discovered. Analysts have defended the Uni-Pixel, and Killion's personal purchase shows that the CEO isn't too worried, either.

Interested in more info on Uni-Pixel? Add it to your watchlist by clicking here.

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  • Report this Comment On June 14, 2013, at 3:23 PM, Medicalrecordman wrote:

    The drop had nothing to do with any rumor about Apple. It dropped because of several fraudulent hit pieces from short-sellers trying to dig themselves out of a hole, all accusations proven outright laughable.

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