Straight Path Communications Inc (NASDAQ:STRP) insider Zhouyue Pi sold 21,139 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $179.68, for a total value of $3,798,255.52. Following the completion of the transaction, the insider now directly owns 102,500 shares in the company, valued at approximately $18,417,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Zhouyue Pi also recently made the following trade(s):
- On Monday, April 10th, Zhouyue Pi sold 2,000 shares of Straight Path Communications stock. The shares were sold at an average price of $91.50, for a total value of $183,000.00.
Straight Path Communications Inc (NASDAQ STRP) traded down 0.15% on Friday, hitting $179.07. The stock had a trading volume of 394,944 shares. Straight Path Communications Inc has a 12-month low of $15.06 and a 12-month high of $235.88. The company’s 50 day moving average price is $177.26 and its 200-day moving average price is $77.00. The company’s market cap is $2.27 billion.
Straight Path Communications (NASDAQ:STRP) last announced its quarterly earnings results on Friday, June 9th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The firm had revenue of $0.17 million during the quarter, compared to analyst estimates of $0.17 million. During the same quarter last year, the firm earned $0.25 EPS. Equities research analysts anticipate that Straight Path Communications Inc will post ($3.19) EPS for the current year.
About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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