Sierra Wireless, Inc. (SW) Trading Up 1.6%
Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) were up 1.6% on Tuesday . The stock traded as high as C$24.99 and last traded at C$24.86. Approximately 94,958 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 103,754 shares. The stock had previously closed at C$24.46.
Separately, TD Securities lowered their price objective on shares of Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating, Sierra Wireless currently has an average rating of “Hold” and an average price target of C$30.00.
In other Sierra Wireless news, Director Kent Paul Thexton purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of C$24.55 per share, for a total transaction of C$49,100.00. Also, Director August Daniel Schieler sold 3,085 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of C$21.55, for a total transaction of C$66,481.75.
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Sierra Wireless Company Profile
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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