On June 15, Vicor Corporation rose 5.27% overnight, trading at $319.79/share, with turnover of $115,000. The stock continues its multi-session technical rebound after a sharp correction from recent highs.
On the news front, Vicor had previously raised its second-quarter revenue guidance to $142 million, significantly exceeding the market consensus estimate of $125.5 million. The upbeat outlook propelled shares from approximately $268 to a peak near $348, a cumulative gain of over 30%. However, subsequent heavy insider selling by 10%-plus shareholder Vinciarelli Patrizio and multiple board directors at elevated levels, combined with concentrated profit-taking, triggered a pullback exceeding 20% to the $278 area. With selling pressure largely absorbed, bargain-hunting capital has driven a sustained recovery, pushing shares back above $319.
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