Company Shares of XG Technology Inc (NASDAQ:XGTI) Drops by -4.76%

XG Technology Inc (NASDAQ:XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (NASDAQ:XGTI), hence the stock is down -46.07% 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 -5.97% relative to the S&P 500. The 4-week change in the price of the stock is -45.2% and the stock has fallen -4.76% in the past 1 week.

The company shares have dropped -96.79% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $34.80 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $1.64 and the 200 Day Moving Average price is recorded at $1.68.

The stock has recorded a 20-day Moving Average of 31.29% and the 50-Day Moving Average is 160.16%.


XG Technology Inc (NASDAQ:XGTI): On Fridays trading session , Opening price of the stock was $1.14 with an intraday high of $1.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1. However, the stock managed to close at $1, a loss of 10.71% for the day. On the previous day, the stock had closed at $1.12. The total traded volume of the day was 1,413,070 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Secretary) of xG TECHNOLOGY, INC., Marino Belinda Allen had sold 3,259 shares worth of $3,715 in a transaction dated June 28, 2016. In this transaction, 3,259 shares were sold at $1.14 per share.

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 *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.