Straight Path Communications (STRP) Director Sells $61,800.00 in Stock
Straight Path Communications (NASDAQ:STRP) Director William F. Weld sold 2,000 shares of the business’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $30.90, for a total transaction of $61,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Straight Path Communications (NASDAQ:STRP) traded down 2.91% during mid-day trading on Monday, reaching $30.08. 86,432 shares of the company’s stock were exchanged. Straight Path Communications has a 52-week low of $7.62 and a 52-week high of $50.00. The stock’s market cap is $365.08 million. The company has a 50-day moving average of $25.22 and a 200-day moving average of $28.53.
Straight Path Communications Company Profile
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Straight Path Communications Inc is a communications asset company. The Company’s businesses consist of interest in Straight Path Spectrum, Inc (Straight Path Spectrum) and Straight Path IP Group, Inc (Straight Path IP Group). The Company has two business segments: Straight Path Spectrum, which holds, leases and sells fixed wireless spectrum, and Straight Path IP Group, which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.
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