Straight Path Communications Inc (NYSEAMERICAN:STRP) saw some unusual options trading activity on Friday. Investors bought 2,006 call options on the company. This is an increase of approximately 1,455% compared to the average daily volume of 129 call options.

Separately, BidaskClub downgraded shares of Straight Path Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th.

Shares of Straight Path Communications (NYSEAMERICAN STRP) opened at $183.85 on Monday. The company has a market cap of $2,350.00, a PE ratio of -41.22 and a beta of -1.89. Straight Path Communications has a twelve month low of $26.89 and a twelve month high of $235.88.

In related news, CEO Davidi Jonas sold 131,337 shares of Straight Path Communications stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $181.41, for a total transaction of $23,825,845.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director K Chris Todd sold 7,700 shares of Straight Path Communications stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $181.76, for a total transaction of $1,399,552.00. The disclosure for this sale can be found here. In the last three months, insiders sold 159,037 shares of company stock valued at $28,865,911.

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in Straight Path Communications by 3.1% in the 3rd quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock worth $2,834,000 after purchasing an additional 469 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Straight Path Communications in the 3rd quarter worth about $235,000. Schwab Charles Investment Management Inc. raised its stake in Straight Path Communications by 4.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 39,015 shares of the technology company’s stock worth $7,093,000 after purchasing an additional 1,548 shares in the last quarter. Havens Advisors LLC raised its stake in Straight Path Communications by 9.4% in the 4th quarter. Havens Advisors LLC now owns 70,000 shares of the technology company’s stock worth $12,725,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Cowen Inc. raised its stake in Straight Path Communications by 319.9% in the 3rd quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock worth $33,142,000 after purchasing an additional 139,755 shares in the last quarter.

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About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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