Clearfield rallies; chairman, director disclose purchases

|By:, SA News Editor

Clearfield (CLFD +7.4%) chairman Ronald Roth bought 5K shares yesterday at $21.82, and director Charles Hayssen bought 8K shares last Friday at $22.50.

Infonetics analyst Andrew Schmitt calls the purchases "unprecedented."

Shares of the fiber enclosure system vendor rallied to new 52-week highs in recent weeks following the company's Q4 report, but had sold off over the last few trading days.