Interdigital, Inc. (IDCC) Files Form 4 Insider Selling : Jean F Rankin Sells 950 Shares

Interdigital, Inc. (IDCC): Jean F Rankin , director of Interdigital, Inc. sold 950 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $58.36 per share for a total value of $55,442.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Jannie K Lau (EVP, General Counsel & Sec.) sold 6,132 shares at $59.50 per share price.On Feb 24, 2016, William J Merritt (President and CEO) sold 5,000 shares at $50.00 per share price.Also, On Jun 22, 2015, Robert S Roath (director) sold 7,992 shares at $59.31 per share price.On Feb 27, 2015, John A Kritzmacher (director) sold 2,000 shares at $52.56 per share price.

Shares of InterDigital (IDCC) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.44 points or -0.74% at $58.95 with 2,36,762 shares getting traded. Post opening the session at $58.9, the shares hit an intraday low of $57.05 and an intraday high of $59.05 and the price vacillated in this range throughout the day. The company has a market cap of $2,038 M and the number of outstanding shares has been calculated to be 3,45,73,097 shares. The 52-week high of InterDigital is $60.41 and the 52-week low is $41.01.

InterDigital Money Flow Index Chart

InterDigital Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks including second generation (2G) third generation (3G) fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Company’s wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.

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