Somewhat Positive Press Coverage Somewhat Unlikely to Impact pdvWireless (PDVW) Stock Price

News stories about pdvWireless (NASDAQ:PDVW) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. pdvWireless earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the wireless provider an impact score of 44.2813635119358 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of pdvWireless (NASDAQ:PDVW) traded down $0.85 during trading on Friday, hitting $32.25. 6,900 shares of the stock were exchanged, compared to its average volume of 37,358. pdvWireless has a 12 month low of $18.70 and a 12 month high of $36.00. The company has a market cap of $452.99 and a P/E ratio of -12.45.

A number of brokerages have recently weighed in on PDVW. B. Riley reaffirmed a “buy” rating and set a $59.00 price target on shares of pdvWireless in a report on Thursday, October 5th. ValuEngine downgraded shares of pdvWireless from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, October 18th. Finally, BidaskClub raised shares of pdvWireless from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th.

In related news, EVP Richard E. Rohmann sold 900 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $29.54, for a total transaction of $26,586.00. Following the completion of the transaction, the executive vice president now directly owns 13,109 shares in the company, valued at approximately $387,239.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Owl Creek Asset Management, L. acquired 25,257 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $29.56 per share, with a total value of $746,596.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 333,398 shares of company stock valued at $10,437,862 and have sold 2,700 shares valued at $82,845. Corporate insiders own 10.91% of the company’s stock.

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pdvWireless Company Profile

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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