Oblong (NYSE:OBLG) Trading 4.7% Higher – Should You Buy?

Oblong, Inc. (NYSE:OBLG)’s share price traded up 4.7% on Wednesday . The company traded as high as $2.74 and last traded at $2.70. 31,727 shares were traded during trading, a decline of 84% from the average session volume of 195,074 shares. The stock had previously closed at $2.58.

Oblong Stock Performance

The stock’s fifty day moving average price is $3.17 and its two-hundred day moving average price is $3.38.

Insider Transactions at Oblong

In related news, Director Jason T. Adelman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average cost of $2.66 per share, with a total value of $26,600.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $26,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.41% of the stock is currently owned by insiders.

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.