Insider Selling: Richardson Electronics (NASDAQ:RELL) Director Sells $519,100.00 in Stock

Director Robert Kluge of Richardson Electronics (NASDAQ:RELL) sold 29,000 shares for $519,100, reducing his stake by over 36%. This sale comes after the company reported strong quarterly earnings, beating analyst estimates for both EPS and revenue. Richardson Electronics also declared a quarterly dividend of $0.06 per share, and analysts generally maintain a "Buy" rating for the stock.