Director Daniel A Baker sells $2.15M of stock

What did NVE CORP /NEW/ announce?

Director Daniel A Baker sold 21,140 shares for a total value of $2,145,475.60 in an open-market transaction.

Key details

• Daniel A Baker, a Director, sold 21,140 shares.
• The total value of the transaction was $2,145,475.60.
• The sale was an open-market transaction, not made under a 10b5-1 plan.

Why it matters

This 4 reports an insider transaction at NVE CORP /NEW/. The likely share-price reaction reads as negative.