Xg Technology, Inc. (XGTI): John C Coleman , President of Xg Technology, Inc. sold 500,000 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $0.17 per share for a total value of $82,500.00 , 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 15, 2016, John C Coleman (President) sold 500,000 shares at $0.17 per share price.On Jun 2, 2016, Ross James Woodyatt (President) sold 44,500 shares at $0.18 per share price.Also, On Jun 1, 2016, Belinda Allen Marino (Secretary) sold 48,224 shares at $0.15 per share price.
Shares of xG Technology Inc (XGTI) ended Tuesday, Jun 14, 2016 session in red amid volatile trading. The shares closed down -0.0011 points or -0.76% at $0.1439 with 63,43,130 shares getting traded. Post opening the session at $0.1462, the shares hit an intraday low of $0.14 and an intraday high of $0.1525 and the price vacillated in this range throughout the day. The company has a market cap of $13 M and the number of outstanding shares has been calculated to be 8,84,48,418 shares. The 52-week high of xG Technology Inc is $3.5 and the 52-week low is $0.068.
xG Technology Inc. develops a portfolio of intellectual property. The Company’s intellectual property is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions. The Company’s products include xMax CN5100 Mobile Hotspot CN3100 Vehicle Modem CN3200 Dual-Band Routing Modem CN1100 Access Point CN7000 Mobile Control Center and xMonitor/xDrive. The Company has developed frequency-agnostic cognitive radio solutions. Its intellectual property is also designed to enable wireless broadband network operators make efficient use of existing spectrum allocations. The Company focuses on various industries across the world such as telecommunications cable defense and public safety municipal governments critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax.