Superconductor Technologies Inc (SCON) Files Form 4 Insider Buying : Leroy C Kopp Buys 300,000 Shares

Superconductor Technologies Inc (SCON): Leroy C Kopp , 10% owner of Superconductor Technologies Inc purchased 300,000 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.25 per share for a total value of $75,900.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 4, 2016, Leroy C Kopp (10% owner) purchased 100,000 shares at $0.23 per share price.

Superconductor Technologies: On Friday, May 20, 2016 heightened volatility was witnessed in Superconductor Technologies which led to swings in the share price. The shares opened for trading at $0.1905 and hit $0.1969 on the upside , eventually ending the session at $0.1905, with a gain of 0.79% or 0.0015 points. The heightened volatility saw the trading volume jump to 95,875 shares. The 52-week high of the share price is $1.4299 and the company has a market cap of $7.8 M . The 52-week low of the share price is at $0.15.

Superconductor Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Superconductor Technologies is Initiated by Rodman & Renshaw to Neutral. The Rating was issued on Mar 30, 2016.

Superconductor Technologies Inc. is focused on developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company is engaged in research development manufacture and marketing of high performance products used in cellular base stations. The Company’s products include AmpLink and SuperPlex which are sold to wireless network operators in the United States. It develops products for the utility and telecommunications industries. Its HTS Wire Platform is focused on three applications including superconducting high power transmission cable superconducting fault current limiters (SFCL) and superconducting rotating machines such as motors and generators. Its superconducting magnets are used in various applications to create high magnetic fields such as nuclear magnetic resonance (NMR) and magnetic resonance imaging (MRI) machines.

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