Insider Selling: Netlist, Inc. (NASDAQ:NLST) CEO Sells 150,000 Shares of Stock

Netlist, Inc. (NASDAQ:NLST) CEO Chun K. Hong sold 150,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $0.35, for a total transaction of $52,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:NLST traded up $0.02 during trading on Monday, reaching $0.34. 960,447 shares of the company’s stock traded hands, compared to its average volume of 534,027. Netlist, Inc. has a 12 month low of $0.10 and a 12 month high of $1.10. The company’s 50 day moving average is $0.35.

Netlist (NASDAQ:NLST) last posted its quarterly earnings data on Tuesday, May 14th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $5.11 million during the quarter, compared to the consensus estimate of $8.00 million.

Separately, Zacks Investment Research cut shares of Netlist from a “buy” rating to a “sell” rating in a research report on Wednesday, April 10th.

About Netlist

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

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