ARCHON CAPITAL MANAGEMENT LLC purchased 63.0% of their position (4.85M shares) of EMCORE CORP on the open market
Open‑market purchase worth $1.75M — a major conviction buy. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 2/16/2024ACC: 0000919574-24-001583
+4.85M
Net shares
Net buyer
$1.75M
Total acquired
2
Open market trades
2B · 0S
2
Total transactions
4.85M acquired
Non-Derivative Transactions2
Common Stock, no par value
Indirect
Shares
+2.40M
Price / share
$0.34
Trade value
$803.22K
% of position
31.1%
2/14/2024
7.70M→10.10M
Common Stock, no par value
Indirect
Shares
+2.45M
Price / share
$0.39
Trade value
$944.75K
% of position
24.3%
2/15/2024
10.10M→12.55M
Total
Net shares
+4.85M
Net value
$1.75M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par value Indirect | 2/14/2024 | P · Purchase | +2.40M | $0.34 | $803.22K | 31.1% | 7.70M | 10.10M |
| Common Stock, no par value Indirect | 2/15/2024 | P · Purchase | +2.45M | $0.39 | $944.75K | 24.3% | 10.10M | 12.55M |
| Total | +4.85M | $1.75M | ||||||
Derivative Transactions0
No derivative transactions reported