News coverage about Pendrell Corporation (NASDAQ:PCO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pendrell Corporation earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 47.4283038665795 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Pendrell Corporation (NASDAQ PCO) opened at 6.66 on Wednesday. The firm has a market cap of $159.61 million, a PE ratio of 28.58 and a beta of 0.86. The company has a 50-day moving average of $6.59 and a 200-day moving average of $6.49. Pendrell Corporation has a 1-year low of $5.89 and a 1-year high of $7.61.
In other news, major shareholder James D. Dondero sold 9,428 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $6.44, for a total value of $60,716.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder James D. Dondero sold 71,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $6.91, for a total value of $494,065.00. The disclosure for this sale can be found here. Insiders sold a total of 136,931 shares of company stock worth $935,822 in the last three months. Company insiders own 41.46% of the company’s stock.
Pendrell Corporation Company Profile
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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