Ion Geophysical Corporation (NYSE:IO) EVP Jamey S. Seely sold 12,500 shares of Ion Geophysical Corporation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $5.02, for a total value of $62,750.00. Following the sale, the executive vice president now directly owns 103,935 shares in the company, valued at approximately $521,753.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ion Geophysical Corporation (NYSE IO) traded down 2.78% during mid-day trading on Monday, reaching $5.25. The company’s stock had a trading volume of 147,864 shares. Ion Geophysical Corporation has a 12-month low of $3.20 and a 12-month high of $8.40. The company’s market cap is $62.39 million. The firm’s 50 day moving average is $4.06 and its 200-day moving average is $4.47.

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Separately, ValuEngine raised Ion Geophysical Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th.

A number of institutional investors have recently modified their holdings of IO. Algert Global LLC increased its position in shares of Ion Geophysical Corporation by 90.3% in the first quarter. Algert Global LLC now owns 42,959 shares of the oil and gas company’s stock worth $208,000 after buying an additional 20,380 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Ion Geophysical Corporation by 203.9% in the first quarter. California Public Employees Retirement System now owns 43,966 shares of the oil and gas company’s stock worth $213,000 after buying an additional 29,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ion Geophysical Corporation by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 95,783 shares of the oil and gas company’s stock worth $464,000 after buying an additional 481 shares in the last quarter. Norges Bank acquired a new position in shares of Ion Geophysical Corporation during the fourth quarter worth about $508,000. Finally, Neuberger Berman Group LLC increased its position in shares of Ion Geophysical Corporation by 4.0% in the first quarter. Neuberger Berman Group LLC now owns 186,140 shares of the oil and gas company’s stock worth $903,000 after buying an additional 7,090 shares in the last quarter. Institutional investors own 35.40% of the company’s stock.

Ion Geophysical Corporation Company Profile

ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.

Insider Buying and Selling by Quarter for Ion Geophysical Corporation (NYSE:IO)

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