Sierra Wireless, Inc. (SW) Shares Down 2.4% Following Analyst Downgrade

Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) 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 traded hands during trading, an increase of Infinity from the average session volume of 0 shares. The stock had previously closed at C$28.75.

In related news, Director Jason W. Cohenour sold 11,298 shares of Sierra Wireless stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$23.00, for a total value of C$259,854.00. Also, Director August Daniel Schieler sold 3,085 shares of Sierra Wireless stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$21.55, for a total value of C$66,481.75. Insiders have sold 20,383 shares of company stock worth $464,936 over the last three months.

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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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