Shares of XG Technology Inc (XGTI) Drops by -45%

XG Technology Inc (XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (XGTI), hence the stock is down -70.14% 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 -45.81% relative to the S&P 500. The 4-week change in the price of the stock is -68.83% and the stock has fallen -45% in the past 1 week. The stock has recorded a 20-day Moving Average of 43.16% and the 50-Day Moving Average is 16.56%.

XG Technology Inc (NASDAQ:XGTI): The stock opened at $0.58 on Friday but the bulls could not build on the opening and the stock topped out at $0.62 for the day. The stock traded down to $0.53 during the day, due to lack of any buying support eventually closed down at $0.55 with a loss of -43.87% for the day. The stock had closed at $0.98 on the previous day. The total traded volume was 8,574,618 shares.


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 -87.67% . 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 -87.67%. In a related news, The Securities and Exchange Commission has divulged that Marino Belinda Allen, Officer (Secretary) of xG TECHNOLOGY, INC., had unloaded 3,259 shares at an average price of $1.14 in a transaction dated on June 28, 2016. The total value of the transaction was worth $3,715.

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.

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