Itus Corp (ITUS): Bruce F Johnson , director of Itus Corp purchased 2,604 shares on May 27, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.24 per share for a total value of $8,630.28 , 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 21, 2016, Bruce F Johnson (director) purchased 500 shares at $2.83 per share price.On Mar 8, 2016, Lewis H Jr Titterton (director) purchased 500 shares at $3.31 per share price.Also, On Mar 2, 2016, Amit Kumar (director) purchased 2,000 shares at $2.46 per share price.On Oct 30, 2015, Henry P Herms (Vice President-Finance & CFO) sold 500 shares at $3.76 per share price.
ITUS Corp: On Friday, May 27, 2016 heightened volatility was witnessed in ITUS Corp which led to swings in the share price. The shares opened for trading at $3.0701 and hit $3.17 on the upside , eventually ending the session at $3.17, with a gain of 0.98% or 0.0307 points. The heightened volatility saw the trading volume jump to 431 shares. The 52-week high of the share price is $8.95 and the company has a market cap of $28 M . The 52-week low of the share price is at $1.88.
ITUS Corporation formerly CopyTele Inc. is engaged in development acquisition licensing and enforcement of patented technologies that are either owned or controlled by the Company or one of its wholly owned subsidiaries. As on December 29 2014 the Company owns and controls eight patent portfolios including Encrypted Cellular Communication Internet Telephonic Gateway J-Channel Window Frame Construction Key Based Web Conferencing Encryption Micro Electro Mechanical Systems Display Nano Field Emission Display VPN Multicast Communications and Enhanced Auction Technologies. The Company monetizes its patented technologies and settles patent infringement lawsuits. The Company’s business model is Patent Monetization and Patent Assertion.