Ion Geophysical Corp (IO): James M Jr Lapeyre , director of Ion Geophysical Corp purchased 46,000 shares on Jun 16, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.75 per share for a total value of $265,294.50 , 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: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Ion Geophysical Corp which led to swings in the share price. The shares opened for trading at $5.61 and hit $5.88 on the upside , eventually ending the session at $5.79, with a gain of 4.51% or 0.25 points. The heightened volatility saw the trading volume jump to 65,130 shares. The 52-week high of the share price is $21.749891 and the company has a market cap of $70 M . The 52-week low of the share price is at $2.55.
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.