Vice Chairman Peter Wu sells 20,000 CATY shares for $1.15M as stock nears 52-week high.
Peter Wu, Vice Chairman of Cathay General Bancorp, sold 20,000 shares in a transaction totaling approximately $1.15 million, reducing his holdings by roughly 6.8%. The sale occurred as the stock trades near its 52-week highs following a sustained period of gains. Cathay General is a profitable company with stable fundamentals and a modest valuation, providing no obvious distress signal that would motivate a forced liquidation. Wu's prior trade in this stock dates to late 2024, but outcomes from that sale remain unavailable, preventing a clear assessment of whether he has demonstrated successful timing on previous exits. The current sale represents Wu's second disposition of Cathay shares on record, though without visibility into the prior trade's outcome, no pattern of timing success or poor judgment can yet be established. For investors, the key question is whether a director-level sale into strength signals selective profit-taking or reflects concerns not yet visible in reported fundamentals.