Ion Geophysical Corp (IO) Files Form 4 Insider Buying : David H Barr Buys 10,000 Shares

Ion Geophysical Corp (IO): David H Barr , director of Ion Geophysical Corp purchased 10,000 shares on Jun 1, 2016. The Insider buying transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.95 per share for a total value of $69,485.00 , 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 2, 2016, David H Barr (director) purchased 10,000 shares at $6.95 per share price.On Mar 17, 2016, Christopher Theron Usher (COO) purchased 1,300 shares at $6.89 per share price.Also, On Mar 16, 2016, James M Jr Lapeyre (director) purchased 25,000 shares at $6.76 per share price.On Mar 15, 2016, Jamey S Seely (EVP-Gen Counsel & Corp Sec’y) purchased 700 shares at $6.72 per share price.

Ion Geophysical Corp (IO) witnessed a volatile trading activity on Wednesday Jun 1, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7 and reached the intraday high at $7.1555. The bulls started the profit booking and pushed the shares to intraday low of $6.58. The trading session was marked by a volume range of 1,03,901 shares exchanging hands. The 52-week high of the shares is $24.749876 and the 52-week low is $2.55. The market cap of the company stands at $84 M and there are 1,20,26,358 shares in public circulation.

Ion Geophysical Corp Money Flow Index Chart

ION Geophysical Corporation (ION) is a global technology-focused company that provides geophysical technology services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions Systems Software and Ocean Bottom Services (OBS). Its Solutions segment offers GeoVentures service and GX Technology. The Systems segment is engaged in the manufacture of marine acquisition systems consisting of towed marine streamers and shipboard electronics that collect seismic data in water depths of over 30 meters. The Software segment provides command and control software systems related software and services for towed marine streamer and seabed operations as well as survey design. Through the addition of OceanGeo ION offers an integrated OBS solution that includes survey design planning and optimization.

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