Rpx Corp (RPXC) Files Form 4 Insider Selling : Mallun Yen Sells 7,407 Shares

Rpx Corp (RPXC): Mallun Yen , Executive Vice President of Rpx Corp sold 7,407 shares on May 31, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $9.95 per share for a total value of $73,685.58 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Gilbert Samuel Palter (director) purchased 100,000 shares at $9.75 per share price.On May 27, 2016, Steven S Swank (Senior Vice President) sold 4,875 shares at $9.75 per share price.Also, On Nov 13, 2015, Robert H Heath (Chief Financial Officer, SVP) sold 4,500 shares at $13.71 per share price.On Nov 3, 2015, Mallun Yen (Executive Vice President) sold 15,000 shares at $14.39 per share price.

RPX Corp: On Friday, May 27, 2016 heightened volatility was witnessed in RPX Corp which led to swings in the share price. The shares opened for trading at $9.75 and hit $10 on the upside , eventually ending the session at $9.94, with a gain of 2.37% or 0.23 points. The heightened volatility saw the trading volume jump to 7,92,816 shares. The 52-week high of the share price is $17.31 and the company has a market cap of $511 M . The 52-week low of the share price is at $8.85.

RPX Corp Money Flow Index Chart

RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.

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