Straight Path Communications Inc. (STRP): Zhouyue Pi , CHIEF TECHNOLOGY OFFICER of Straight Path Communications Inc. sold 1,000 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $40,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Zhouyue Pi (CHIEF TECHNOLOGY OFFICER) sold 1,000 shares at $40.00 per share price.On Mar 24, 2016, William F Weld (director) sold 667 shares at $32.02 per share price.Also, On Mar 18, 2016, Jonathan Rand (CFO) sold 2,133 shares at $31.99 per share price.On Jan 19, 2016, Lloyd I Iii Miller (10% owner) purchased 52,200 shares at $12.61 per share price.
Straight Path Communications Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Straight Path Communications Inc which led to swings in the share price. The shares opened for trading at $38.63 and hit $40 on the upside , eventually ending the session at $39.81, with a gain of 2.89% or 1.12 points. The heightened volatility saw the trading volume jump to 69,304 shares. The 52-week high of the share price is $50 and the company has a market cap of $484 M . The 52-week low of the share price is at $7.62.
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. The Company holds a range of licenses for fixed wireless spectrum (Spectrum) in the United States providing geographic coverage and total bandwidth in many areas. These include licenses which are known as the 39 gigahertz (GHz) band and Local Multipoint Distribution Service (LMDS or 28 GHz) band. Straight Path IP Group’s principal business is the acquisition development licensing and protection of intellectual property.