Energous Corp (WATT): Gregory S Tamkin , 10% owner of Energous Corp sold 25,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $10.57 per share for a total value of $264,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 12, 2016, Gregory S Tamkin (10% owner) sold 25,000 shares at $10.18 per share price.On Feb 19, 2016, John Gaulding (director) sold 10,977 shares at $5.68 per share price.Also, On Nov 23, 2015, Stephen R Rizzone (CEO) purchased 22,000 shares at $6.90 per share price.On Jul 15, 2015, Cesar Johnston (Senior VP of Engineering) sold 9,450 shares at $8.36 per share price.
Energous Corp: On Friday, Jun 3, 2016 heightened volatility was witnessed in Energous Corp which led to swings in the share price. The shares opened for trading at $11.44 and hit $11.57 on the upside , eventually ending the session at $11.36, with a gain of 1.61% or 0.18 points. The heightened volatility saw the trading volume jump to 4,81,221 shares. The 52-week high of the share price is $12.06 and the company has a market cap of $188 M . The 52-week low of the share price is at $3.65.
Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Company’s technology can be utilized in a range of devices including smart phones tablets e-book readers wearables keyboards mice remote controls rechargeable lights cylindrical batteries.