Craig H. Weber, a director at Optical Cable Corp (NASDAQ:OCC), executed a significant transaction on June 29, 2026, selling 24,300 shares of the company's common stock. The aggregate value of these sales reached $470,406. The shares were liquidated across multiple transactions, with execution prices spanning from $19.45 to $20.2525 per share. Following the completion of these sales, Mr. Weber's direct ownership position in Optical Cable Corp stands at 203,907 shares.
This insider activity arrives against a backdrop of substantial price appreciation for OCC shares. The stock has delivered a 422% return over the past year and recorded a 291% gain in the last six months. Despite this rally, analysis indicates that the stock is currently trading above its calculated Fair Value, a classification that places it on the platform's Most Overvalued list.
The reported activity was detailed in an amended Form 4 filing, which served to correct an error in the original submission. Crucially, the transaction code for all reported activities was amended from a 'D' to an 'S', explicitly indicating that the transactions were sales rather than dispositions.
In broader corporate developments, Optical Cable Corporation reported a notable financial turnaround during the fiscal second quarter of 2026. The company posted earnings per share of $0.12 on revenue of $22.2 million. This represents a 26.6% increase in sales compared to the previous year. The improvement allowed Optical Cable to move from a loss in the prior-year quarter to a net income, reflecting a strengthened gross margin.
Additionally, Optical Cable Corporation was added to the Russell Microcap Index as part of the index's semi-annual reconstitution. This inclusion results in automatic membership in the corresponding growth and value indexes, determined by market-capitalization rankings and style attributes. These recent developments highlight the company's progress and its recognition within the market.