Jeenarine Narine, Director, 10% Owner at ELITE PHARMACEUTICALS INC /NV/ (ELTP), sold 1,824,500 shares at $0.90 ($1.4M) on 2014-03-06, disclosed to the SEC on 2014-03-10.
Seasonal sale ($1.4M) by Director, 10% Owner — this insider has traded ELTP in March in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.90 | 773,050 | $696K | 49.3% |
| 2 | $0.68 | 1,051,450 | $715K | 50.7% |
| Total | $0.77 avg | 1,824,500 | $1.4M | 100% |
| Filing → |
| ELTP | SELL | 2014-04-04 | $61K | — | Filing → |
| ELTP | SELL | 2014-03-31 | $82K | — | Filing → |
| ELTP | SELL | 2014-03-17 | $144K | — | Filing → |