Rignet, Inc. (RNET) Files Form 4 Insider Selling : Martin L. Jimmerson Sells 29,192 Shares

Rignet, Inc. (RNET): Martin L. Jimmerson , Interim CEO and President of Rignet, Inc. sold 29,192 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $12.51 per share for a total value of $365,191.91 , 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 27, 2016, Martin L. Jimmerson (Interim CEO and President) sold 28,683 shares at $12.65 per share price.On May 26, 2016, Charles Louis Iv Davis (director) sold 3,500 shares at $12.42 per share price.Also, On Sep 2, 2015, William D. Sutton (Vice President) sold 3,444 shares at $27.84 per share price.On Aug 11, 2015, James H Browning (director) purchased 2,000 shares at $27.00 per share price.

RigNet Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in RigNet Inc which led to swings in the share price. The shares opened for trading at $12.68 and hit $13.15 on the upside , eventually ending the session at $12.8, with a gain of 1.43% or 0.18 points. The heightened volatility saw the trading volume jump to 1,22,339 shares. The 52-week high of the share price is $37.02 and the company has a market cap of $227 M . The 52-week low of the share price is at $10.32.

RigNet Inc Money Flow Index Chart

RigNet Inc. (RigNet) is a provider of digital technology solutions to the oil and gas industry. The Company provides managed remote communications telecoms systems integration (project management of turnkey engineered telecommunications solutions) and collaborative applications focusing on offshore and onshore drilling rigs energy production facilities and energy maritime. The Company operates through three segments: Eastern Hemisphere Western Hemisphere and Telecoms Systems Integration (TSI). The Company’s Eastern Hemisphere segment provides remote communications services for customers and rig sites located on the eastern side of the Atlantic Ocean. The Western Hemisphere segment provides remote communications services for onshore and offshore customers and rig sites located on the western side of the Atlantic Ocean. The Company’s TSI segment designs assembles installs and commissions turnkey solutions for customer telecommunications systems.

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