Vringo Director Acquires $26,700 in Stock (VRNG)
Vringo (NASDAQ:VRNG) Director Noel Joseph Spiegel acquired 30,000 shares of Vringo stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $0.89 per share, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $44,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Vringo (NASDAQ:VRNG) opened at 1.40 on Wednesday. Vringo has a 1-year low of $0.67 and a 1-year high of $5.45. The stock has a 50-day moving average of $3.13 and a 200-day moving average of $3.52. The company’s market cap is $129.6 million. Vringo also was the target of unusually large options trading activity on Monday. Traders bought 7,610 call options on the stock. This represents an increase of approximately 419% compared to the typical volume of 1,465 call options.
Vringo (NASDAQ:VRNG) last issued its quarterly 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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