Neonode (NEON) Shares are Down -23.65%

Neonode (NEON) : During the past 4 weeks, traders have been relatively bearish on Neonode (NEON), hence the stock is down -25.93% 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 -23.69% relative to the S&P 500. The 4-week change in the price of the stock is -25.17% and the stock has fallen -23.65% in the past 1 week.

The stock has recorded a 20-day Moving Average of 18.07% and the 50-Day Moving Average is 26.46%. Neonode (NASDAQ:NEON): stock turned positive on Friday. Though the stock opened at $1.11, the bulls momentum made the stock top out at $1.16 level for the day. The stock recorded a low of $1.05 and closed the trading day at $1.13, in the green by 2.26%. The total traded volume for the day was 1,001,309. The stock had closed at $1.105 in the previous days trading.


The company Insiders own 15.8% of Neonode shares according to the proxy statements. Institutional Investors own 29.02% of Neonode shares. During last six month period, the net percent change held by insiders has seen a change of 42.86%.

Neonode Inc. develops and licenses user interfaces and optical infrared touch technology. The Companys technology offers multiple features, including the ability to sense an objects size, depth, velocity, pressure and proximity to any type of surface. It licenses its multi-touch technology to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) who incorporate it into devices that they produce and sell. In addition, it develops prototype products and is engaged in product engineering design discussions with numerous global OEMs and ODMs. The Company offers its family of touch solutions under the brands MultiSensing and zForce. Its solution provides sense enablement through touch and proximity sensing. Its technology has application in various fields, such as laptop computers, all-in-one computers, stand-alone monitors, printer products, global positioning systems, e-Readers, tablets, mobile phones, wearable electronics, and games and toys, among others.

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