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Monday, September 26, 2016 1:57:25 PM
reason for the gap-up recently last July 07
Dr. Peter Chiou Buys Stake in SemiLEDs
SemiLEDs Corporation (NASDAQ:LEDS) has skyrocketed by more than 123% after the company announced on Wednesday that it had reached a definitive agreement with Dr. Peter Chiou, according to which Dr. Chiou will purchase 577,000 shares of SemiLEDs’ common stock at $5.00 per share. Upon completion of the share purchase, Dr. Chiou will be appointed to SemiLEDs Corporation’s Board of Directors, a role which he has agreed to waive all compensation for. Dr. Chiou also intends to subscribe to a $1.615 million 0% interest convertible note with a September 29, 2017 maturity date. Only three hedge funds in our system were long SemiLEDs Corporation (NASDAQ:LEDS) at the end of the first quarter.
http://www.insidermonkey.com/blog/why-fitbit-transocean-and-3-other-stocks-are-gaining-ground-today-463394/
normal chart
log chart
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