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Intermolecular (NASDAQ:IMI) SVP Sandeep Jaggi sold 2,322 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $4.06, for a total value of $9,427.32. Following the transaction, the senior vice president now directly owns 77,978 shares in the company, valued at approximately $316,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Intermolecular (NASDAQ:IMI) traded up 0.25% during mid-day trading on Thursday, hitting $4.09. The stock had a trading volume of 70,276 shares. Intermolecular has a 52-week low of $4.02 and a 52-week high of $10.69. The stock has a 50-day moving average of $4.75 and a 200-day moving average of $5.65. The company’s market cap is $188.6 million.

Separately, analysts at Needham & Company downgraded shares of Intermolecular from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 6th.

Intermolecular, Inc (NASDAQ:IMI) is engaged in research and development and time-to-market for the semiconductor and clean-energy industries.

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