Shares of Sonim Technologies (SONM) have nosedived 83.4% over the past 12 months, and the short interest in the stock currently stands at 12%. To compound investor pain further, revenue has declined from a peak of $135.7 million in 2018 to $54.6 million in 2021. Nonetheless, shares of this rugged phones and accessories provider jumped 15.3% on Friday after two of the company's insiders lapped up its shares last week. As per an SEC filing, Jeffrey Wang, who owns more than 10% stake in the company, bought SONM shares worth $11.7 million on July 13. The magnitude of Wang’s transaction is a sizable chunk of the company’s current $13.
https://www.tipranks.com/news/despite-weakness-in-sonm-stock-these-insiders-look-confidence?utm_source=advfn.com&utm_medium=referral
Sonim Technologies (NASDAQ:SONM)
Historical Stock Chart
From Aug 2022 to Sep 2022 Click Here for more Sonim Technologies Charts.
Sonim Technologies (NASDAQ:SONM)
Historical Stock Chart
From Sep 2021 to Sep 2022 Click Here for more Sonim Technologies Charts.