Ion Geophysical Corp (IO) Files Form 4 Insider Buying : James M Jr Lapeyre Buys 16,100 Shares

Ion Geophysical Corp (IO): James M Jr Lapeyre , director of Ion Geophysical Corp purchased 16,100 shares on Sep 26, 2016. The Insider buying transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.88 per share for a total value of $94,301.16 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 26, 2016, James M Jr Lapeyre (director) purchased 12,200 shares at $5.83 per share price.On Jun 2, 2016, David H Barr (director) purchased 10,000 shares at $6.95 per share price.Also, On Mar 17, 2016, Christopher Theron Usher (COO) purchased 1,300 shares at $6.89 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.

Shares of Ion Geophysical Corp (IO) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.84% at $5.9 with 83,819 shares getting traded. Post opening the session at $5.88, the shares hit an intraday low of $5.51 and an intraday high of $5.96 and the price vacillated in this range throughout the day. The company has a market cap of $70 M and the number of outstanding shares has been calculated to be 1,17,86,220 shares. The 52-week high of Ion Geophysical Corp is $12.149939 and the 52-week low is $2.55.

Ion Geophysical Corp Money Flow Index Chart

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.

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