InterDigital (IDCC) stock slides 7% as Amazon patent fight and insider sale notice draw focus
InterDigital shares dropped 7.3% to $311.23 in Tuesday afternoon trading, lagging the Nasdaq-100’s 0.9% gain. A Form 144 filing showed officer Rajesh K Pankaj proposed selling 1,000 shares. Investors tracked developments in the Amazon patent dispute and upcoming dividend and earnings dates. The stock had closed at $335.84 on Monday.