Straight Path Communications (STRP) Earns Coverage Optimism Score of 0.24
News headlines about Straight Path Communications (NASDAQ:STRP) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Straight Path Communications earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.0694658858271 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Straight Path Communications (NASDAQ STRP) opened at 179.74 on Friday. The firm’s market cap is $2.28 billion. Straight Path Communications has a 52-week low of $21.85 and a 52-week high of $235.88. The firm’s 50-day moving average is $179.19 and its 200-day moving average is $142.22.
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In related news, CEO Davidi Jonas sold 30,000 shares of Straight Path Communications stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $179.60, for a total transaction of $5,388,000.00. Following the completion of the sale, the chief executive officer now owns 309,155 shares of the company’s stock, valued at approximately $55,524,238. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Howard S. Jonas sold 21,213 shares of Straight Path Communications stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.11, for a total transaction of $3,799,460.43. The disclosure for this sale can be found here. In the last three months, insiders sold 277,288 shares of company stock valued at $49,759,900.
About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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