Vuzix Corporation (VUZI) Stock Price Up 10.1% After Insider Buying Activity

Vuzix Corporation (NASDAQ:VUZI) shares rose 10.1% on Thursday after an insider bought additional shares in the company. The stock traded as high as $6.55 and last traded at $6.55. Approximately 621,312 shares changed hands during trading, an increase of 175% from the average daily volume of 226,210 shares. The stock had previously closed at $5.95.

Specifically, COO Paul A. Boris acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was purchased at an average cost of $5.20 per share, for a total transaction of $26,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward William Jr. Kay acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average price of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 21,800 shares of company stock worth $121,740. 18.40% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on the company. Maxim Group set a $11.00 price objective on Vuzix Corporation and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut Vuzix Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carl Domino Inc lifted its holdings in Vuzix Corporation by 11.4% in the 2nd quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock worth $255,000 after buying an additional 4,000 shares during the period. Bank of New York Mellon Corp purchased a new stake in Vuzix Corporation in the 1st quarter worth approximately $108,000. GSA Capital Partners LLP lifted its holdings in Vuzix Corporation by 261.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after buying an additional 27,700 shares during the period. ETF Managers Group LLC purchased a new stake in Vuzix Corporation in the 2nd quarter worth approximately $236,000. Finally, KCG Holdings Inc. purchased a new stake in Vuzix Corporation in the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 8.37% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Vuzix Corporation (VUZI) Stock Price Up 10.1% After Insider Buying Activity” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://stocknewstimes.com/2017/11/16/vuzix-corporation-vuzi-stock-price-up-10-1-after-insider-buying-activity.html.

Vuzix Corporation Company Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.

Receive News & Ratings for Vuzix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply