Ichor Drops After Insider Sale Cools Rally for Chip Supplier
Ichor shares fell 2.7% to $72.92 in New York trading Wednesday, underperforming other chip-equipment stocks. Director Laura A. Black sold 20,000 shares for about $1.5 million at an average of $75.02, according to an SEC filing. The stock remains near its 52-week high of $78.00. Ichor last reported quarterly revenue of $256.1 million and expects up to $310 million this quarter.