Iridium Communications Inc. (IRDM) Files Form 4 Insider Buying : Matthew J Desch Buys 15,000 Shares

Iridium Communications Inc. (IRDM): Matthew J Desch , CEO of Iridium Communications Inc. purchased 15,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.98 per share for a total value of $104,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Barry West (director) purchased 10,000 shares at $7.25 per share price.On Mar 2, 2016, Thomas C Canfield (director) purchased 5,000 shares at $6.95 per share price.Also, On Aug 6, 2015, Matthew J Desch (CEO) purchased 14,000 shares at $7.16 per share price.

Iridium Communications Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Iridium Communications Inc which led to swings in the share price. The shares opened for trading at $6.86 and hit $7.36 on the upside , eventually ending the session at $7.33, with a gain of 5.62% or 0.39 points. The heightened volatility saw the trading volume jump to 1,463,272 shares. The 52-week high of the share price is $9.37 and the company has a market cap of $701 M . The 52-week low of the share price is at $5.85.

Iridium Communications Inc Money Flow Index Chart

Iridium Communications Inc. is a satellite communications company that offers global voice and data communications coverage. The Company provides voice and data communications services to businesses the United States and foreign governments non-governmental organizations and consumers via its constellation of 66 in-orbit satellites in-orbit spares and related ground infrastructure. The Company’s principal services include mobile satellite services including mobile voice and data services machine to machine (M2M) services and data. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services machine-to-machine services and other services. The Company’s commercial end user base includes markets such as emergency services maritime aviation government utilities oil and gas mining recreation forestry heavy equipment construction and transportation.

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