Avery Schumer
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Avery Schumer in Insider trading,

Goldman Is Selling Cree

Cree, Inc  shares are down 16 percent year-to-date, despite an 8 percent appreciation in the last one month.

Goldman Sachs’ Brian Lee downgraded the rating on the company to sell, while establishing a price target of $21.

An expected decline in the company’s earnings warrant a lower stock valuation, Lee stated.