Pendrell Corp. (NASDAQ:PCO) insider Lee E. Mikles sold 12,500 shares of Pendrell Corp. stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $6.41, for a total value of $80,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Pendrell Corp. (NASDAQ:PCO) opened at 6.29 on Tuesday. Pendrell Corp. has a 12-month low of $4.50 and a 12-month high of $7.59. The stock’s 50 day moving average price is $6.76 and its 200-day moving average price is $6.43. The company’s market cap is $163.23 million.

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About Pendrell Corp.

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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