Vringo (VRNG) Pops Higher on Insider Purchase

June 19, 2013 12:05 PM EDT
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Vringo (Nasdaq: VRNG) shares are spiking Wednesday following disclosure of a recent insider trade.

According to a Form 4 filed with the U.S. SC, Vringo director Joe Spiegel purchase 15,000 shares on June 18th for his IRA account. The stock was purchase at $3 per share.

Following the purchase, Spiegel holds 15,000 shares indirectly and 20,000 directly.

Vringo is up 5.6 percent.

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