Straight Path Communications (STRP) Earns Daily Coverage Optimism Rating of -0.07

News headlines about Straight Path Communications (NASDAQ:STRP) have been trending somewhat negative recently, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Straight Path Communications earned a media sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also gave press coverage about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Alpha One Sentiment’s rankings:

Straight Path Communications (NASDAQ:STRP) traded up 0.39% during trading on Friday, reaching $109.59. The company’s stock had a trading volume of 254,996 shares. The company’s market cap is $1.37 billion. The company’s 50 day moving average price is $49.36 and its 200 day moving average price is $35.38. Straight Path Communications has a 52 week low of $15.06 and a 52 week high of $116.95.

In related news, insider Zhouyue Pi sold 2,000 shares of the company’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $91.50, for a total value of $183,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lloyd I. Miller III sold 30,190 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $33.44, for a total transaction of $1,009,553.60. Following the completion of the transaction, the insider now owns 89,649 shares in the company, valued at approximately $2,997,862.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,818 shares of company stock worth $1,517,985.

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Straight Path Communications Company Profile

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.

5 Day Chart for NASDAQ:STRP

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