Insider Selling: RPX Corp. SVP Sells 4,502 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Steven S. Swank sold 4,502 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $15.27, for a total value of $68,745.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at TheStreet downgraded shares of RPX Corp. from a “hold” rating to a “sell” rating in a research note to investors on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. RPX Corp. has an average rating of “Hold” and a consensus target price of $19.73.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.06% during mid-day trading on Wednesday, hitting $15.40. The stock had a trading volume of 285,751 shares. RPX Corp. has a 52 week low of $10.40 and a 52 week high of $19.88. The stock’s 50-day moving average is $16.69 and its 200-day moving average is $16.92. The company has a market cap of $808.1 million and a P/E ratio of 18.70.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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