Xg Technology, Inc. (XGTI): Roger G Branton , Chief Financial Officer of Xg Technology, Inc. sold 15,981 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $1.79 per share for a total value of $28,574.03 , 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.
xG Technology Inc: On Tuesday, Jun 21, 2016 heightened volatility was witnessed in xG Technology Inc which led to swings in the share price. The shares opened for trading at $1.65 and hit $1.83 on the upside , eventually ending the session at $1.52, with a gain of 919.45% or 1.3709 points. The heightened volatility saw the trading volume jump to 8,86,948 shares. The 52-week high of the share price is $38.376153 and the company has a market cap of $11 M . The 52-week low of the share price is at $0.816003.
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.