Astera Labs, Inc. (NASDAQ:ALAB) shares are trading lower on Tuesday following the publication of regulatory filings detailing multi-million dollar stock liquidations by Board Chairman Manuel Alba.

Three Form 4 filings submitted to the U.S. Securities and Exchange Commission on Monday, show that the transactions took place on July 1.

The Nasdaq is down 1.38% while the S&P 500 has shed 0.32%, and Technology is lagging with a 1.7% loss.

• Astera Labs stock is taking a hit today. What’s pressuring ALAB stock?

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