Ipass Inc (IPAS) Files Form 4 Insider Selling : Brent Morrison Sells 9,100 Shares

Ipass Inc (IPAS): Brent Morrison , director of Ipass Inc sold 9,100 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $1.16 per share for a total value of $10,556.00 , 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 16, 2016, Gary A Griffiths (CEO) purchased 5,000 shares at $1.16 per share price.On Mar 2, 2016, Michael Tedesco (director) purchased 15,000 shares at $0.99 per share price.Also, On Feb 26, 2016, Damien Park (director) purchased 10,000 shares at $0.97 per share price.On Sep 28, 2015, Richard Alan Karp (director) purchased 150,000 shares at $1.03 per share price.

iPass: On Wednesday, May 25, 2016 heightened volatility was witnessed in iPass which led to swings in the share price. The shares opened for trading at $1.16 and hit $1.18 on the upside , eventually ending the session at $1.17, with a gain of 1.74% or 0.02 points. The heightened volatility saw the trading volume jump to 6,12,332 shares. The 52-week high of the share price is $1.2 and the company has a market cap of $76 M . The 52-week low of the share price is at $0.805.

iPass Money Flow Index Chart

iPass (NASDAQ: IPAS) is a Wi-Fi network offering convenient secure always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. Using technology iPass SmartConnect takes the guesswork out of Wi-Fi automatically connecting customers to the best hotspot for their needs. Customers simply download the iPass app to experience unlimited everywhere and invisible Wi-Fi. The Company sells its services directly through its global sales force as well as through reseller and carrier partners. The Company is headquartered in Redwood Shores California.

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