LSI Industries Stock Faces a New Test After Insiders Sell More Than $6 Million
LSI Industries Inc. shares rose in afternoon trading on Thursday, even as investors weighed a cluster of recent insider-sale filings against the company’s push into larger retail display and refrigeration markets. The Nasdaq-listed stock was up about 1.1% at $23.08, with volume of 225,950 shares and an intraday range of $22.75 to $23.33. That matters now because the sales were reported after a run of acquisition and partnership news that has widened the company’s story beyond lighting. It also gives investors a cleaner near-term test: whether demand for LSI’s growth plan can absorb insider selling near the mid-$20s.