Simply Wall Street Market update
CEO & Director Of Tower Semiconductor Sold 42% Of Their Shares
The CEO & Director of Tower Semiconductor, Russell C. Ellwanger, recently sold 42% of his shares, netting US$40m. This significant insider sale, occurring at an average price of US$251 per share, is the largest insider sale for the company in the past year. While insider selling can be a cautionary sign, Tower Semiconductor remains profitable and growing, with …