Astera Labs (ALAB) stock jumps nearly 8% as insider files to sell $5 million in shares
Astera Labs shares jumped 7.9% to $179.56 Friday, trading on heavy volume ahead of CES 2026 and the U.S. jobs report next week. Company officer Philip Mazzara filed to sell up to 30,000 shares, valued at nearly $5 million, according to an SEC notice. The Philadelphia Semiconductor Index rose 4%. Astera’s next earnings report is expected around Feb. 9.