XG Technology Inc (XGTI) Shares are Down -21.43%

XG Technology Inc (XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (XGTI), hence the stock is down -18.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -21.48% relative to the S&P 500. The 4-week change in the price of the stock is -17.22% and the stock has fallen -21.43% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 25.11%. XG Technology Inc (NASDAQ:XGTI): stock turned positive on Friday. Though the stock opened at $0.46, the bulls momentum made the stock top out at $0.4801 level for the day. The stock recorded a low of $0.454 and closed the trading day at $0.4553, in the green by 1.18%. The total traded volume for the day was 983,170. The stock had closed at $0.45 in the previous days trading.


The company Insiders own 41.42% of XG Technology Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -94.88% . Institutional Investors own 5.27% of XG Technology Inc shares. During last six month period, the net percent change held by insiders has seen a change of -94.88%.

xG Technology, Inc. develops a portfolio of intellectual property. The Companys intellectual property is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions. The Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *