Everspin Heads Into Weekend After Insider Selloff and Tech Losses
Everspin shares fell 7.5% to $37.57 Friday and slipped to $37.00 after hours, but still ended the week up 39% after volatile trading. An SEC filing showed director Glen Hawk sold 48,563 shares. The moves followed first-quarter results showing revenue rose to $14.87 million and a $40 million defense subcontract for onshore MRAM production.