APH - William Doherty Exhibits Confidence With A $220K Acquisition Of Amphenol Stock Options | Benzinga
On May 21, Doherty, President at Amphenol (NYSE:APH), executed a strategic insider move by acquiring stock options for 73,529 shares.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Doherty, President at Amphenol, a company in the Information Technology sector, acquired stock options for 73,529 shares of APH. The options allow Doherty to buy the company's stock at $131.91 per share.
The Tuesday morning market activity shows Amphenol shares up by 1.16%, trading at $134.91. This implies a total value of $220,587 for Doherty's 73,529 shares.
About Amphenol
Amphenol is a global supplier of connectors, sensors, and interconnect systems. Amphenol holds the second-largest connector market share globally and sells into the end markets of automotive, broadband, commercial air, industrial, IT and data communications, military, mobile devices, and mobile networks. Amphenol is diversified geographically, with operations in 40 countries.
Unraveling the Financial Story of Amphenol
Positive Revenue Trend: Examining Amphenol's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.49% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations ...