Insider Selling: Synacor CEO Sells 11,500 Shares of Stock (SYNC)
Synacor (NASDAQ:SYNC) CEO Ronald Frankel unloaded 11,500 shares of Synacor stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $2.48, for a total value of $28,520.00. Following the completion of the transaction, the chief executive officer now directly owns 1,085,218 shares of the company’s stock, valued at approximately $2,691,341. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Synacor (NASDAQ:SYNC) traded up 1.16% on Monday, hitting $2.62. 61,848 shares of the company’s stock traded hands. Synacor has a 52 week low of $2.25 and a 52 week high of $6.24. The stock has a 50-day moving average of $2.62 and a 200-day moving average of $2.74. The company’s market cap is $71.6 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $26.55 million for the quarter, compared to the consensus estimate of $25.42 million. During the same quarter last year, the company posted $0.02 earnings per share. Synacor’s revenue was down 6.3% compared to the same quarter last year. Analysts expect that Synacor will post $-0.06 EPS for the current fiscal year.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
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