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Face-Mask Maker’s 400% Rally Spurs Huge Insider Share Sales $APT

March 5, 2020

(Bloomberg) -- Alpha Pro Tech Ltd.’s head of Investor Relations -- the widow of a former chairman -- took advantage of the company’s more than 400% surge this year to sell $13.6 million in stock.

 

Donna Millar, who has been a board member since 2017, the same year her late husband and Alpha-Pro co-founder died, sold more than 350,000 shares on Feb. 28, according to a regulatory filing. Even after the sale, Millar remains the company’s largest holder with more than 1.2 million shares, the filings show, worth $24 million based on Tuesday’s close.

 

The health care supply company, which sells face masks among other medical products, has seen its stock price soar as investors piled into companies that make gear that’s designed to help guard against the spread of infectious disease like Covid-19. While shares are up more than 350% in the past year, they’ve also been volatile lately, ranging between $3.20 and $41.59 since early December.

 

FULL REPORT

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