Rpx Corp (RPXC): Steven S Swank , Senior Vice President of Rpx Corp sold 4,875 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 $9.75 per share for a total value of $47,531.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 23, 2016, Steven S Swank (Senior Vice President) sold 5,364 shares at $9.79 per share price.On Nov 13, 2015, Robert H Heath (Chief Financial Officer, SVP) sold 4,500 shares at $13.71 per share price.Also, On Nov 3, 2015, Mallun Yen (Executive Vice President) sold 15,000 shares at $14.39 per share price.On Aug 24, 2015, Paul E Scola (Senior Vice President) sold 4,486 shares at $13.45 per share price.
RPX Corp: On Wednesday, May 25, 2016 heightened volatility was witnessed in RPX Corp which led to swings in the share price. The shares opened for trading at $9.11 and hit $9.36 on the upside , eventually ending the session at $9.32, with a gain of 2.31% or 0.21 points. The heightened volatility saw the trading volume jump to 4,19,302 shares. The 52-week high of the share price is $17.31 and the company has a market cap of $479 M . The 52-week low of the share price is at $8.85.
RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.