Vringo Sees Unusually High Options Volume (VRNG)
Vringo (NASDAQ:VRNG) saw unusually large options trading activity on Wednesday. Traders acquired 3,585 put options on the company, American Banking News reports. This represents an increase of 212% compared to the average daily volume of 1,149 put options.
In other Vringo news, Director Noel Joseph Spiegel purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $0.89 per share, for a total transaction 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 down 17.14% during mid-day trading on Wednesday, hitting $1.16. The stock had a trading volume of 12,242,186 shares. Vringo has a one year low of $0.67 and a one year high of $5.45. The stock’s 50-day moving average is $3.13 and its 200-day moving average is $3.52. The company’s market cap is $107.4 million.
Vringo (NASDAQ:VRNG) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter.
Vringo, Inc (NASDAQ:VRNG) is a development-stage company.
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