Pendrell Corporation (PCO) Given Daily Coverage Optimism Rating of 0.04
Media headlines about Pendrell Corporation (NASDAQ:PCO) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pendrell Corporation earned a news impact score of 0.04 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 47.6011135183615 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, TheStreet upgraded Pendrell Corporation from a “d” rating to a “c-” rating in a research report on Monday, October 30th.
Pendrell Corporation (NASDAQ PCO) opened at $6.42 on Tuesday. The firm has a market capitalization of $157.12, a P/E ratio of 22.31 and a beta of 0.91. Pendrell Corporation has a 52 week low of $5.89 and a 52 week high of $7.61.
In related news, major shareholder James D. Dondero sold 17,919 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $6.65, for a total value of $119,161.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James D. Dondero acquired 1,408,534 shares of Pendrell Corporation stock in a transaction that occurred on Saturday, September 30th. The stock was purchased at an average cost of $6.83 per share, with a total value of $9,620,287.22. Following the completion of the purchase, the insider now owns 704,267 shares in the company, valued at approximately $4,810,143.61. The disclosure for this purchase can be found here. Corporate insiders own 41.46% of the company’s stock.
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About Pendrell Corporation
Pendrell Corporation is engaged in the business of licensing and selling intellectual property (IP) rights to others. The Company invests in, acquires and monetizes IP rights. The Company’s subsidiaries hold patents that support over four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies.
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