Infinera (INFN +11.5%) has rallied to $5.41 following news CEO Thomas Fallon bought 50K shares...

|About: Infinera Corporation (INFN)|By:, SA News Editor

Infinera (INFN +11.5%) has rallied to $5.41 following news CEO Thomas Fallon bought 50K shares last Tuesday and Wednesday at prices of $4.44 and $4.60. Fallon also picked up 100K shares by exercising stock options priced at $2. 15.9% of the optical transmission hardware vendor's float was shorted as of Oct. 31.