Sierra Wireless, Inc. (SW) Trading Down 2.4% Following Analyst Downgrade
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) shares fell 2.4% during trading on Friday after TD Securities lowered their price target on the stock to C$36.00. TD Securities currently has a hold rating on the stock. Sierra Wireless traded as low as C$29.87 and last traded at C$28.06. 344,399 shares changed hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares. The stock had previously closed at C$28.75.
In other news, insider Pierre Jean Benoit Teyssier sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$22.90, for a total value of C$68,700.00. Also, Director Jason W. Cohenour sold 11,298 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$23.00, for a total value of C$259,854.00. Over the last 90 days, insiders sold 20,383 shares of company stock valued at $464,936.
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About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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