Synaptics' Key Insider Rahul Patel Sells Shares

Synaptics CEO Rahul Patel sold 2,276 shares worth $213,557 in an SEC Form 4 filing. The sale was executed under a pre-arranged 10b5-1 trading plan, which means investors should not interpret it as a signal of insider concern. Other executives also sold shares under similar plans. Synaptics stock has significantly outperformed the Nasdaq this year, gaining 58.3% through October 16.