LightPath Technologies Inc is trading 10.5% down at $13.46 as shares retreat from a multi-month rally following disclosures of significant insider selling.
- SEC filings revealed that major holder North Run Strategic Opportunities Fund sold approximately $9.1 million worth of stock in late May.
- Analysts highlight the heavy selling volume and profit-taking as a key overhang on the stock, which is facing additional pressure from a weak broader market.