Cree +2.1%; CEO buys 10K shares

• CREE chairman/CEO Chuck Swoboda discloses he bought 10K shares on Tuesday at $29.32, bringing his total stake to 345K.
• The purchase is Cree's first insider buy since last October, when director John Replogle bought 5K shares. It comes with Cree continuing to trade more than 50% below its 2013 highs, and 10 days after the company announced IPO plans for its power/RF chip unit.