Insider Buying: WidePoint Co. (NYSEAMERICAN:WYY) Director Purchases 100,000 Shares of Stock
WidePoint Co. (NYSEAMERICAN:WYY) Director Richard L. Todaro purchased 100,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $0.34 per share, for a total transaction of $34,000.00. Following the transaction, the director now owns 139,762 shares of the company’s stock, valued at $47,519.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSEAMERICAN WYY traded up $0.10 during trading on Wednesday, reaching $0.42. 611,460 shares of the company’s stock were exchanged, compared to its average volume of 184,040. WidePoint Co. has a fifty-two week low of $0.31 and a fifty-two week high of $0.63.
Separately, Zacks Investment Research downgraded WidePoint from a “hold” rating to a “sell” rating in a research report on Saturday.
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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