Oblong (NYSE:OBLG) Director Buys $26,600.00 in Stock

Oblong, Inc. (NYSE:OBLG) Director Jason Adelman purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was purchased at an average cost of $2.66 per share, with a total value of $26,600.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at approximately $26,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Oblong Price Performance

Shares of NYSE:OBLG opened at $2.82 on Wednesday. Oblong, Inc. has a one year low of $1.91 and a one year high of $6.70. The firm has a fifty day moving average price of $3.81 and a two-hundred day moving average price of $3.46.

Oblong Company Profile

Oblong, Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.