Yesterday it was reported that the Chief Legal Officer, Secretary of Iridium Communications (IRDM), Thomas D. Hickey, exercised options to sell 67,500 IRDM shares at $7.78 a share, for a total transaction value of $1.66M.
In addition to Thomas D. Hickey, 3 other IRDM executives reported Sell trades in the last month.
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Based on Iridium Communications’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $145 million and GAAP net loss of $18.01 million. In comparison, last year the company earned revenue of $137 million and had a GAAP net loss of $12.84 million. The company has a one-year high of $28.24 and a one-year low of $16.64. Currently, Iridium Communications has an average volume of 891.91K.
The insider sentiment on Iridium Communications has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company’s principal lines of business include Land Mobile, Maritime, Aviation, and Government.
