Investors Purchase High Volume of Vringo Call Options (VRNG)
Vringo (NASDAQ:VRNG) was the recipient of unusually large options trading activity on Monday. Stock investors bought 7,610 call options on the stock, Stock Ratings Network.com reports. This represents an increase of 419% compared to the average volume of 1,465 call options.
In other Vringo news, Director Noel Joseph Spiegel bought 30,000 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $0.89 per share, with a total value of $26,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vringo (NASDAQ:VRNG) traded up 33.82% on Monday, hitting $1.18. 21,852,312 shares of the company’s stock traded hands. Vringo has a 52-week low of $0.67 and a 52-week high of $5.45. The stock has a 50-day moving average of $3.19 and a 200-day moving average of $3.55. The company’s market cap is $109.2 million.
Vringo (NASDAQ:VRNG) last released its earnings data on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter.
Vringo, Inc (NASDAQ:VRNG) is a development-stage company.
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