Pressure Technologies director raises his stake

It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday.Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000 shares in Pressure Technologies, equal to a stake of 0.62%.The firm, which specialises in technology for the containment and control of liquids and gases in pressure systems, saw its share price reach a 52-week closing high of 217.5p last week. Following the purchase on Monday, the shares jumped again to a fresh high of 235p.Last month, Pressure Technologies announced that revenues in the first half (ended March 30th) totalled £16.4m, up 30% from the year before, while pre-tax profit more than doubled from £0.46m to £1.33m.Chairman Alan Wilson said: "The interim results show the benefits of the board's diversification strategy and these, combined with on-going opportunities, give us considerable optimism for the future."Top Director BuysPressure Technologies (PRES) Director name: Mr Nigel LuckettAmount purchased: 18,000 @ 217.50p Value: £39,150IDOX (IDOX) Director name: Mr Martin BrooksAmount purchased: 68,500 @ 36.40p Value: £24,934Frontier Mining Ltd (DI) (FML) Director name: Mr Yerlan Zhenisovitch AliyevAmount purchased: 752,000 @ 1.75p Value: £13,160Top Director SellsSignet Jewelers Ltd. (SIG) Director name: Mr Ronald ("Ron") RistauAmount sold: 3,760 @ 4,674.97p Value: £175,779Signet Jewelers Ltd. (SIG) Director name: Mr Thomas PlaskettAmount sold: 1,500 @ 4,640.96p Value: £69,614